Italian energy contractor Saipem announced on Monday that it has been awarded a $1.7 billion contract by Qatargas for the North Field Production Sustainability Project.
Saipem said in a statement that it has received a Letter of Award for the development of the North Field Production Sustainability Offshore Project, located off the North-East coast of Qatar.
It said the scope of work encompasses the Engineering, Procurement, Construction and Installation (EPIC) of various offshore facilities for the extraction and transportation of natural gas, including platforms, supporting and connecting structures, subsea cables and anticorrosion internally cladded pipelines.
Furthermore, the project encompasses the decommissioning of a pipeline and other significant modifications to existing offshore facilities.
The project aims at increasing the early gas field production capacity to 110 million tonnes per annum.
Saipem is currently working on the WHP12N Jacket project, awarded in July 2020, which is part of the North Field Production Sustainability Offshore Project development.
Within the frame of the overall North Field Production Sustainability Offshore Project development program, Saipem has received from Qatargas a Letter of Intent for the contractual package regarding offshore export pipelines and related onshore works of the North Field
Production Sustainability Pipelines Project. The award of this additional package is subject to the definition of contractual details and the Client’s final approval.
Saipem recently strengthened its fabrication capability by cooperating with a local fabrication yard to offer a sustainable Qatar-based execution scheme.
Stefano Porcari, Saipem E&C Offshore Division COO, the company’s early engagement model ensured that the Front-End Engineering Design contract for the whole NFPS development programme was concluded ahead of time.
(Writing by Syed Ameen Kader; Editing by Anoop Menon)
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