BAKU, Azerbaijan, Feb. 24. Italy’s Saipem has
secured an additional offshore contract in Saudi Arabia under its
existing Long-Term Agreement with Saudi Aramco, the company said,
Trend reports.
The award, issued as a Contract Release Purchase Order (CRPO),
covers the engineering, procurement, construction and installation
(EPCI) of a 48-inch trunkline at the Safaniya oil field — one of
the world’s largest offshore oil fields.
Saipem’s scope includes approximately 65 km of offshore pipeline
and 12 km onshore, along with associated subsea facilities.
Offshore operations will be executed by Saipem’s construction
vessels currently deployed in the region, while fabrication work
will take place at the company’s Saudi yard, Saipem Taqa Al-Rushaid
Fabricators Co. Ltd., located in Dammam. The company said the
project will further strengthen its industrial footprint in the
Kingdom.
Project execution will draw on Saipem’s experience in delivering
strategic pipelines and offshore infrastructure in the region,
supported by its advanced engineering capabilities. The company
said activities will be carried out in line with its safety,
quality and environmental standards to ensure operational
efficiency and reliability.
The new award reinforces Saipem’s long-standing presence in
Saudi Arabia and further consolidates its relationship with Aramco,
the company added.
Saipem has been active in Saudi Arabia for decades and is one of
Aramco’s key offshore contractors. The company has previously
executed major projects in the Kingdom, including offshore
trunklines, subsea installations and platform works across key
fields such as Safaniya, Marjan and Zuluf.
In recent years, Saipem has expanded its local manufacturing and
fabrication capacity through its joint venture yard in Dammam,
aligning with Saudi Arabia’s localization drive under Vision 2030.
The firm is also a participant in Aramco’s Long-Term Agreement
(LTA) program, which streamlines the award of offshore engineering
and construction work to prequalified contractors.
Saipem is a global engineering and construction group serving
the energy and infrastructure sectors, both offshore and onshore.
The company operates through business lines including Asset Based
Services, Drilling, Energy Carriers, Offshore Wind and Sustainable
Infrastructures.
Listed on the Milan Stock Exchange, Saipem operates in more than
50 countries and employs about 30,000 people from over 130
nations.