Saipem awarded an offshore contract in Egypt

Saipem Awarded an Offshore Contract in Egypt

07-11-2007

Saipem has been awarded new offshore contract in Egypt. Petrobel has awarded the Saipem and PMS consortium the contract for the laying of a 32” pipeline connecting the El-Gamil gas processing plant with an existing platform located in the Denise Pliocene gas field.

The field is located 60 kilometres off the coast of Egypt in water depths of up to 85 metres. Saipem’s scope of work includes engineering, project management, transportation and installation of the sealine and precommissioning.

The marine activities will be carried out by Crawler vessel in the second half of 2007. Saipem (43% owned by Eni) is a leader in the provision of engineering, procurement, project management and construction services for the oil & gas Industry, with unique capabilities in designing and executing large scale offshore and onshore projects.

Saipem has a strong expertise in operating in deepwater and remote areas. It has significant technological competence in gas monetization and heavy oil exploitation.