Saipem: three new offshore contracts for a total amount of approximately 600 million USD in Azerbaijan
Italy, Oct. 16 -- Saipem, in consortium with BOS Shelf LLC and BOS Shelf International FZCO, (both companies being affiliates to the State Oil Company of the Azerbaijan Republic, SOCAR) has been awarded three new offshore contracts for the Shah Deniz Compression project operated by bp in Azerbaijan. The overall value of the contracts is approximately 700 million USD and Saipem's share amounts to 600 million USD.Saipem's scope of work encompasses the Transportation and Installation (T&I) of a new 19,000-ton compression platform in the Azerbaijan sector of the Caspian Sea, as well as the Engineering, Procurement, Construction and Installation (EPCI) of approximately 26 km of offshore pipelines to connect the new compression platform to the ex...
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