News listings

energy-pedia development and production

Qatar flagQatar

Middle East / Africa >>> Qatar

Qatar: Qatargas awards Saipem a contract for the offshore development of the North Field Production Sustainability Project


22 Feb 2021

Photo - see caption

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 coast of Qatar peninsula. The contract is worth approx. 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 approx. 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.

Photo - see caption
North Field platform (Source: Qatargas)

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.

Stefano Porcari, Saipem E&C Offshore Division COO, commented: 

'Saipem is well positioned and actively executing various contracts in Qatar, a key market for us with several offshore investments expected to progress in the near future. This acquisition by Qatargas consolidates our position in the gas sector, confirms our strategic role in the energy transition and represents a token of confidence in Saipem's experience and proven ability to successfully execute and deliver challenging projects. Furthermore, it also confirms the relevance and effectiveness of the early engagement model adopted through our division XSIGHT, which recently concluded, ahead of time, the Front-End Engineering Design contract for the whole NFPS development programme'.

Original article link

Source: Saipem





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 364

Completed Deals

Completed Upstream Deals: 6093

Company Profiles

Current Company Profiles: 2774

Corporate Activity

Current Corporate Activity articles: 3666

Companies Looking

Current number of articles: 447

Company Sales

Current Company Sales articles:1477

Geostudies

Current Geostudies articles: 794

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

KL Publishing
energy365
SLR Consulting logo
Bayphase
Union Jack Oil 149
Government of South Australia
OPC
Rose & Assocs 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com