Saipem scores jobs off Australia and Turkey

Saipem scores $600 mln worth of jobs off Australia and Turkey

Offshore natural gas projects have proven a happy hunting ground for Saipem again as it secures two deals with a $600 million price tag in Australia and Turkey. Saipem has been awarded two new offshore contracts for transportation and installation activities.

The first contract was awarded by Chevron Australia for the Jansz-lo compression project, the gas field located around 200 kilometres offshore the north-western coast of Australia, at water depths of approximately 1,400 meters. Jansz-lo is part of the Chevron-operated Gorgon project, a grouping of different fields and one of the world’s largest natural gas developments.

Offshore operations are planned to start in 2024 and they will be conducted by the Constellation vessel.

The second contract regards the Sakarya gas field development project, the first deepwater natural gas field discovered in Turkey in the Black Sea, about 175 km offshore the coast of Eregli.

The contract entails the transportation and installation of pipelines to 2,200-meter water depth. The offshore operations are to begin in spring 2022 and will be conducted mainly by the Castorone vessel.

Commenting on the deals, Francesco Caio, CEO and general manager of Saipem noted that this is a tangible sign of recovery in the offshore market.

“These new contracts in the gas sector, a fundamental element of the energy transition, provide solid indications of the improvement in demand,” said Caio.

Author: Adnan Bajic

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