Saipem wins $750mln contract in Saudi Arabia

The contract signed with state oil firm Saudi Aramco is for the construction of about 835 kilometres of pipelines for the transport of gas, condensate and production water

  
The logo of oil company Eni-Saipem is pictured at its headquarters in Rome February 8, 2013.

The logo of oil company Eni-Saipem is pictured at its headquarters in Rome February 8, 2013.

REUTERS/Alessandro Bianchi

Italian energy services group Saipem said on Tuesday it had won an EPC (Engineering, Procurement, Construction) contract worth $750 million for the Jafurah gas field, in Saudi Arabia.

The company said in a statement that the contract signed with state oil firm Saudi Aramco is for the construction of about 835 kilometres of pipelines for the transport of gas, condensate and production water.

(Reporting by Federico Maccioni, editing by Giulia Segreti) ((Federico.maccioni@thomsonreuters.com; +48 58 7696595;))


More From Energy