Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

CONSTRUCTION NEWS

Saipem lands $4.5bn Qatargas offshore complex contract

Oct 20, 2022 11:16 AM

Saipem a leading engineering and construction company said it has secured a contract worth 4.5 billion from Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project...

Saipem, a leading engineering and construction company, said it has secured a contract worth $4.5 billion from Qatargas for the North Field Production Sustainability Offshore Compression Complexes Project – EPC 2 located offshore the north-east coast of Qatar. 
 
The scope of work includes engineering, procurement, fabrication and installation of two offshore natural gas compression complexes aimed at sustaining the production of the North Field, including two of the largest fixed steel jacket compression platforms ever built, flare platforms, interconnecting bridges, living quarters and interface modules, said Saipem in its statement.
 
To execute this project, Saipem will 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 added.
 
According to Saipem, this win 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 and demonstrates the continuity and the quality of Saipem’s performance in Qatar.
 
With this contract, Saipem accelerates its strategic repositioning in the offshore segments (E&C and drilling) which represent the large majority of the announced order intake year-to-date, further supporting the delivery of its Strategic Plan, it added.-TradeArabia News Service

Premium Partners - construction

CONSTRUCTION NEWS

Qatar's Barwa Real Estate Group appoints new CEO Mar 26, 2024 09:55 AM

Qatar s Barwa Real Estate Group has appointed Ahmed Mohamed Al Tayeb...

Invest Qatar showcases real estate investment opportunities at MIPIM Mar 19, 2024 20:08 PM

The Investment Promotion Agency Qatar (Qatar Invest) showcased some...

Elsewedy wins EPC contract for major Qatar cable project Mar 16, 2024 08:24 AM

Elsewedy Cables an Egyptian electrical company has announced that...

QatarEnergy breaks ground on $6bn petrochemical complex Feb 21, 2024 11:39 AM

HH Sheikh Tamim bin Hamad Al Thani Amir of the State of Qatar laid...

Lusail Museum construction work to begin this year Feb 6, 2024 17:24 PM

Qatar is expected to begin construction work on the new Lusail Museum...

Gulf markets post mixed performance in January, says S&P Feb 4, 2024 10:33 AM

GCC markets posted a mixed performance in January despite a surge...