Saipem Adds Over $900 Million in New Contracts in the Oil and Natural Gas Market in Brazil and Norway

Written by Ruth Rodrigues

Published on 22/01/2023 at 22:56

Foto: Saipem

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The Company Has Two New Contracts in Brazil and Norway to Offer Its Services in the Oil and Natural Gas Sector. Saipem Has Raised Over US$ 900 Million in the Market with the New Partnerships Signed.

Aiming for the growth of its operations in the Global Market, Saipem has two new contracts signed. One of the contracts was signed with TotalEnergies in partnership with Aker Solutions from Brazil, while the second was closed with Equinor for the Irpa Pipeline project in Norway. Both contracts ensure the company more than US$ 900 million in the oil and natural gas market of the region, expanding the company’s reach.

New Saipem Contracts for Oil and Natural Gas Projects Mark Company Expansion in the International Market

Saipem is a technological and advanced engineering platform for the design, construction, and operation of complex, safe, and sustainable infrastructures and plants.

The company has been increasingly seeking to expand its operations in the international oil and natural gas market.

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Now, it is working with two new contracts totaling over US$ 900 million for projects in Brazil and Norway.

The first contract was closed with TotalEnergies in partnership with Aker Solutions from Brazil for the Lapa South-West development project.

This project is located 270 kilometers off the coast of São Paulo, in the deep waters of the Santos Basin. It ensures Saipem a greater presence in the Brazilian oil and natural gas market.

The agreement signed with TotalEnergies provides for engineering, procurement, construction, and installation (EPCI) services for subsea umbilicals, risers, and flowlines (SURF).

In addition, Saipem will be responsible for providing services related to the installation of a subsea production system (SPS).

The project developed by the companies will be carried out from three wells that will connect to a platform located 12 kilometers away from the area.

The development represents an investment of approximately US$ 1 billion, thus marking a significant value for the national oil and natural gas market.

In its national contracts, Saipem intends to rely on the support of its Guarujá Offshore Technology and Construction Center (CTCO) shipyard.

This will be used for logistics activities and manufacturing of quad joints, among other manufacturing activities.

In this way, it will enhance its operations in the deepwater project.

Company Signs New Contract with Equinor for Project in Norway and Aims for the European Oil and Natural Gas Market

In addition to the ongoing contracts in Brazil, Saipem has signed a new agreement for an oil and natural gas project in Norway, targeting the European market.

The contract was closed with Equinor for the Irpa Pipeline project, located in deep waters of the Norwegian sea.

It involves the installation of an 80-kilometer pipe-in-pipe pipeline, connecting the subsea production model of the Irpa field to the existing Aasta Hansteen platform.

The vessel used in the operations will be the Castorone, which will start operating in 2025.

Among the recent contract achievements, it is worth noting that, at the end of 2022, Saipem secured new offshore contracts with a total value of approximately US$ 1.2 billion for work in Guyana and Egypt.

Saipem has been increasingly expanding its operations in the oil and natural gas market worldwide, with significant contracts in the sector.

Saipem Adds Over $900 Million in New Contracts in the Oil and Natural Gas Market in Brazil and Norway

The Company Has Two New Contracts in Brazil and Norway to Offer Its Services in the Oil and Natural Gas Sector. Saipem Has Raised Over US$ 900 Million in the Market with the New Partnerships Signed.

New Saipem Contracts for Oil and Natural Gas Projects Mark Company Expansion in the International Market

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Company Signs New Contract with Equinor for Project in Norway and Aims for the European Oil and Natural Gas Market

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Saipem Adds Over $900 Million in New Contracts in the Oil and Natural Gas Market in Brazil and Norway

The Company Has Two New Contracts in Brazil and Norway to Offer Its Services in the Oil and Natural Gas Sector. Saipem Has Raised Over US$ 900 Million in the Market with the New Partnerships Signed.

New Saipem Contracts for Oil and Natural Gas Projects Mark Company Expansion in the International Market

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At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

The German economist Wolf-Peter Schill has no doubts: “Electric cars are already far superior to cars with internal combustion engines.”

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