Current News

Home   >   Current News   

Saipem awarded $1.7 billion USD in development work from Qatargas

Rig Lynx
  • By Rig Lynx
  • Feb 23, 2021
  • Category : Current News
  • Views : 158


Saipem has received from Qatargas a Letter of Award for the development of the North Field Production Sustainability Offshore Project, located offshore of the North-East cost of Qatar peninsula. The contract is worth approximately 1.7 billion USD.


The scope of work encompasses the Engineering, Procurement, Construction and Installation 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.


Pipe-laying and lifting operations will be executed by the DE HE vessel in water depths of approximately 65 meters, leveraging on Saipem’s high-end welding technology for corrosion resistant cladded pipelines to meet Client’s stringent quality requirements.


The project aims at increasing the early gas field production capacity to 110 million tonnes per annum.


This new contract, which consolidates the group’s position in Qatar, is the latest of a string of projects awarded to Saipem since its return in the Country in 2018 with the Barzan project, nearing completion. Saipem is already executing the WHP12N Jacket project, awarded in July 2020, which is part of the North Field Production Sustainability Offshore Project development.


This new contract award is included in December 31st 2020 backlog.


In addition to this award and still in 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 has recently expanded its offices in the country and strengthened its fabrication capability by cooperating with a local fabrication yard, offering a sustainable Qatar-based execution scheme.


Source: Saipem


Join our mailing list here

We are #1 on Google and Bing for the "Largest Mobile Energy Network"

Come join our community!

Download the Rig Lynx app here

Comments (0)

Leave Comment

Check out our other stories

Rig Lynx
Feb 25, 2021

  Reference is made to the announcement made on December 21, 2020 by Shelf Drilling, Ltd. (“Shelf Drilling”, or the “Company”, OSE: SHLF) concerning the sale of the Shelf Drilling Journey jack-up rig by one of its subsidiaries.   The Company is pleased to announce that it has on February 24, 2021, completed the sale and delivery of the jack-up rig to ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC).   Source: Shelf   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here

Rig Lynx
Feb 25, 2021

  In the midst of the process of change in its high command, Petrobras launched this week a new tender that promises to move the market. The state-owned company published a public notice to contract up to five offshore drilling rigs. The opening of the envelopes with the bidders’ proposals is scheduled for March 15th. The vessels that will be hired in the process should start operating for the oil company as of September next year.   The bidding process is divided into two lots, which aim to charter drillships or semi-submersible rigs. In the first one, Petrobras wants to one or two drilling rigs that use the technology with controlled pressure (MPD), which will start operating in September 2022. The vessel’s work period will be up to 3 years, and may be canceled 1 and a half years into the contract. Petrobras asks for a rig that is capable of operating in water depths between 1,600 meters and 2,200 meters (desirable between 1,200 meters and 2,500 meters). The unit must also be able to drill wells of 7,000 meters (desirable 10,000 meters).   In the second lot, Petrobras wants to hire from one to three drilling rigs (which in this case do not need MPD technology). The start for these units is scheduled for December 2022. As in the previous batch, the maximum contract period will be 3 years. The difference is that the agreement may be terminated as of the second year. The requirements for water depth and drilling capacity for this lot are the same as the previous one. The announcement and the complete bidding documentation (nº 7003420010) is available on the Petronect website.   According to a survey carried out by Westwood Energy, Petrobras currently has 19 drill ships or semi-submersible rigs in operation on the Brazilian coast. A portion of this fleet have contracts that expire at the end of December 2022. Therefore, Petrobras needs to guarantee new rig contracts.   Source: PetroNoticias   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here

Rig Lynx
Feb 25, 2021

  Norway launched a consultation on Thursday on a 2021 licensing round in mature areas in which it offered 84 new blocks for petroleum exploration, including 70 in the Arctic Barents Sea.   The maps attached to a statement by the Petroleum and Energy Ministry showed new blocks offered southeast of Bear Island, roughly half way between the Arctic Svalbard Archipelago and mainland Europe.   Four new blocks were offered in the North Sea and 10 in the Norwegian Sea, the statement said.   “Predictable access to (a) new exploration area is crucial for further development of the petroleum industry. It enables us to maintain activity and value creation on the Norwegian shelf and in the supplier industry,” Norway’s Oil and Energy Minister Tina Bru said in a statement.   The so-called predefined areas (APA) licensing rounds were introduced in 2003 to facilitate exploration in the most geologically known parts of the Norwegian continental shelf.   The centre-right government has increasingly used those to expand exploration acreage in the Barents Sea, which has only two producing fields.   Norway also holds so-called “numbered” licensing rounds focused on the frontier areas.   Seven oil companies, including Equinor, Shell and Eni’s Norwegian subsidiary Vaar Energi, have applied for blocks offered in the latest 25th licensing round, the ministry said.   Norway has offered 136 new offshore exploration blocks in the round, including 125 in the Barents Sea.   The applicant list does not include Norway’s independent oil firm Aker BP, which has previously said it was disappointed with exploration results in the Barents Sea.   Other applicants in the 25th licensing round are Lundin Energy, OMV, Idemitsu and Ineos.   The oil ministry said it planned to announce awards in the 25th licensing round during the first part of 2021, and the awards in the APA 2021 round in January 2022.   Source: Reuters   Join our mailing list here We are #1 on Google and Bing for the "Largest Mobile Energy Network" Come join our community! Download the Rig Lynx app here