Saipem Secures $2B Offshore Contract in Saudi Arabia

Wednesday, 18 September 2024, 13:25

Saipem has secured a $2B offshore contract in Saudi Arabia, focusing on Marjan field development. This adds to its existing partnership with Saudi Aramco and QatarEnergy.
Seekingalpha
Saipem Secures $2B Offshore Contract in Saudi Arabia

Overview of Saipem's New Contract

In a significant development, Saipem has secured a $2B offshore contract in Saudi Arabia. The contract is primarily aimed at the Marjan field development.

Expanding Partnerships

This new contract strengthens Saipem's current agreements with Saudi Aramco and QatarEnergy, further solidifying its position in the region's lucrative oil & gas sector.

  • Saipem's Role: Engineering and project management.
  • Field Development: Focus on increasing production capability.
  • Market Implications: Enhances investment in offshore oil projects.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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