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Saipem Wins a Contract For Subsea Development in Nigeria Worth $1.3B

03-29-2008

Saipem has been awarded the contract for the Umbilicals, Flowlines, Risers and Oil Loading Terminal (UFR & OLT) activities for the subsea development of Usan deepwater field, located off the coast of Nigeria, about 160 kilometres South of Port Harcourt. The contract is worth in excess of USD 1.3 billion.

The contract has been awarded by Elf Petroleum Nigeria Limited (Total), as the Operator of Oil Mining License (OML) 138(1) where the Usan field is located. It encompasses the engineering, procurement, construction, installation, pre-commissioning, assistance to commissioning and start-up of the subsea umbilicals (72 km), flowlines (61 km) and risers connecting the 42 subsea wells to the FPSO, along with the oil loading terminal, consisting of an offloading buoy and two offloading lines, and part of the FPSO anchoring system.

Fabrication will be carried out locally in Nigeria, mainly in Saipem's Rumuolumeni yard. The offshore installation will be carried out by the highly specialised vessels Saipem FDS and Saipem 3000, in water depths ranging from 730 to 850 metres, between the fourth quarter of 2010 and the fourth quarter of 2011.