Saipem has been awarded a new engineering and construction contract in Saudi Arabia and new drilling contracts in the Middle East and Latin America cumulatively valued at about $2 billion, according to a news release.
Saudi Aramco has awarded Saipem an EPC contract relating to the expansion of the onshore production centers at the Khurais, Mazajili and Abu Jifan fields. The construction of new facilities will allow an additional 300,000 bbl/d to be processed from the Khurais Field, while the installation of new satellite facilities will reinstate production of 200,000 bbl/d from the Abu Jifan and Mazalij fields. The Khurais Field is located about 150 km (93 miles) northeast of Riyadh and is a giant oil field, 127 km (79 miles) long and covering an area of 2,890 sq km (1,116 sq miles), the release said.
Saipem has already built the majority of the original Khurais facilities, including the installation of four separation units, all the utilities, the seawater treatment plant and various seawater pipelines.
In addition, Saipem has secured a new contract for the Perro Negro 7 jack-up, operating offshore in the Middle East, starting from November 2015 until the end of 2018. Perro Negro 7 is a self-elevating drilling unit capable of operating in water depth up to 114 m (375 ft).
Saipem has also been awarded, by different clients, new contracts relating to nine onshore drilling rigs operating in the Middle East and in Latin America. The contracts have been signed under terms varying from three months to three years, and starting at various dates during 2014 and 2015, according to the release.
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