Fossil Energy – Largest Contract
Saipem has been awarded a record-setting $4.5 billion contract by Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project.
The scope of work includes the engineering, procurement, fabrication and installation of two offshore naturalgas compression complexes intended to sustain production at the North Field.
This prestigious award represents the largest single offshore contract by total value in the company’s history. It follows the award in early 2021 related to offshore facilities for extraction and transportation of natural gas for the same field and demonstrates the continuity and the quality of Saipem’s performance in Qatar.
With this contract, Saipem accelerates its strategic repositioning in the offshore segments (E&C and drilling) which represent the large majority of the announced order intake year-to-date, further supporting the delivery of its Strategic Plan.