Saipem nets $1.7 billion offshore contract from Qatargas

Italian contractor Saipem has secured a contract from Qatargas worth about $1.7 billion and related to the giant Qatari LNG expansion project.

Saipem said on Monday it received a letter of award from Qatar Petroleum’s unit for the development of the North Field production sustainability offshore project, located off the North-East cost of Qatar peninsula.

The scope of work encompasses the engineering, procurement, construction and installation of various offshore facilities for the extraction and transportation of natural gas, the firm said.

These include platforms, supporting and connecting structures, subsea cables but also anticorrosion internally cladded pipelines.

Furthermore, the project encompasses the decommissioning of a pipeline and other significant modifications to existing offshore facilities, Saipem said.

The Italian firm said it would execute pipe-laying and lifting operations with the DE HE vessel in water depths of about 65 meters, leveraging on the company’s “high-end welding technology for corrosion resistant cladded pipelines to meet client’s stringent quality requirements.”

Saipem is already executing the WHP12N Jacket project, awarded in July 2020, which is part of the North Field production sustainability offshore development.

Another contract in the pipeline

In addition to this new contract and part of the offshore development, Saipem said it has received from Qatargas a letter of intent for the contractual package regarding offshore export pipelines and related onshore works.

“The award of this additional package is subject to the definition of contractual details and the client’s final approval,” Saipem said.

The new award is part of the Qatari LNG expansion project that includes building four “mega trains” with a capacity of 8 million tonnes per year in the Ras Laffan complex.

Furthermore, this first phase of the North Field East project will increase Qatar’s LNG production capacity from 77 to 110 mtpa.

To remind, Qatar Petroleum recently awarded the onshore engineering, procurement and construction contract to a joint venture consisting of Chiyoda and Technip.

The total cost of the North Field East project will reach $28.75 billion, according to QP.

Most Popular

Cheniere takes FID on two more Corpus Christi LNG trains

US LNG exporting giant Cheniere has made a positive final investment decision to build two more midscale trains at its Corpus Christi LNG plant in Texas. The company has also issued full notice to proceed to Bechtel.

Golar progresses FLNG growth plans

Golar LNG said it had signed a final engineering study to confirm EPC price and delivery for a 5 mtpa MKIII FLNG.

Mexico Pacific seeks DOE extension

Mexico Pacific, the developer of the planned 15 mtpa Saguaro Energia LNG export project, is seeking a seven-year extension of its export deadline from the US Department of Energy.

More News Like This

Golden Pass LNG construction continues to advance

Energy giants QatarEnergy and ExxonMobil, along with their contractors, continue to advance construction on their massive Golden Pass LNG export facility in Texas.

QatarEnergy eyes major LNG trading expansion

State-owned LNG giant QatarEnergy aims to increase trading of non-Qatari physical LNG volumes to 30 to 40 million tons by 2030, according to Qatar’s energy minister and chief executive of QatarEneergy, Saad Sherida Al-Kaabi.

China’s Hudong-Zhonghua delivers its 50th LNG carrier

Chinese shipbuilder Hudong-Zhonghua has delivered its 50th liquefied natural gas (LNG) carrier.

Golden Pass LNG moving forward with commissioning activities

Golden Pass LNG, a joint venture of QatarEnergy and ExxonMobil, is moving forward with the commissioning work at its giant LNG export facility in Texas with new approval from the US FERC.