Saipem scores $4.5 billion contract from Qatargas

Italian contractor Saipem said it had secured a contract from LNG producer Qatargas, a unit of QatarEnergy, worth about $4.5 billion.

The contract is for the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 located offshore the north-east coast of Qatar, according to a statement by Saipem.

Saipem said this award represents the largest single offshore contract by total value in the company’s history.

It follows the award in early 2021 related to offshore facilities for extraction and transportation of natural gas for the same field.

The scope of work entails the engineering, procurement, fabrication and installation of two offshore natural gas compression complexes aimed at sustaining the production of the North Field.

This includes two of the largest fixed steel jacket compression platforms ever built, flare platforms, interconnecting bridges, living quarters and interface modules, Saipem said.

To execute this project, Saipem would leverage on its own assets, know-how and competences on offshore engineering, installation and fabrication, as well as its capability to maximize local content, it said.

Last year, Qatargas awarded contracts worth more than $3 billion to Saipem related to the giant LNG expansion projects.

The company and its parent QatarEnergy are working on both the North Field East and the North Field South projects.

Together, NFE and NFS form the wider North Field Expansion project to increase LNG production from the North Field, adding about 48 mtpa to Qatar’s export capacity and bringing it to 126 mtpa by 2028.

- Advertisements -

Most Popular

NextDecade, Bechtel preparing Rio Grande LNG site ahead of FID

NextDecade, the US developer of the Rio Grande LNG export plant, and compatriot engineering and construction giant Bechtel are...

Gasunie working to further boost Dutch LNG import capacity

Dutch gas transmission network operator Gasunie is working to further boost the regasification capacity in the European country besides...

VesselsValue: Japan has the world’s most valuable LNG fleet

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, followed by Greece and South Korea,...

More News Like This

QatarEnergy, ConocoPhillips ink long-term LNG deal to supply Germany

State-owned QatarEnergy has signed two long-term contracts with US energy firm ConocoPhillips to supply Germany with liquefied natural gas...

QatarEnergy inks huge LNG supply deal with China’s Sinopec

QatarEnergy has entered into a 27-year deal to supply LNG to China’s state-controlled energy giant Sinopec. The state-owned LNG giant...

Qatargas wraps up 30,000th Ras Laffan loading op

LNG producer Qatargas, a unit of QatarEnergy, said it had loaded the 30,000th ship from its operated terminals in...

Japan’s MOL inks deal with QatarEnergy for three new LNG carriers

Japan's MOL said it had signed a long-term charter contract for three newbuilding liquefied natural gas carriers with QatarEnergy,...