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Saipem receives $1billion contract from Qatargas

Saipem receives $1billion contract from Qatargas

Qatargas had signed a letter of intent with Saipem for the project in February.

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“This additional contract awarded by our key client Qatargas strengthens our consolidated relationship and represents a further proof of the trust in Saipem’s ability to deliver challenging projects and is a sign of success of our positioning strategy in Qatar," commented Stefano Porcari, Saipem’s COO of E&C Offshore Division.

Saipem has received a letter of award from Qatargas for work on the North Field Output Sustainability Pipelines Project, which is situated offshore and onshore on the Qatar peninsula's north-east coast.

The latest contract involves the engineering, procurement, construction, and installation (EPCI) of offshore export trunklines and related onshore tie-in works, and is part of the North Field production plateau's expansion, which also includes the EPCI of offshore facilities previously awarded to Saipem in February. The project is scheduled to be completed by the middle of 2024.

Maritime Business World 

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