Saipem Wins Qatar Offshore EPCI Contract Worth $3.1 Billion - Bloomberg
Energy services and drilling specialists Saipem SpA and Offshore Oil Engineering Co. Ltd. have been awarded an offshore EPCI contract by QatarEnergy LNG.
The overall value of the contract is approximately $4 billion, with Saipem’s share amounting to approximately $3.1 billion, according to a statement on Sunday.
The project will allow QatarEnergy LNG to maintain and expand production capacity at North Field, the world’s largest non-associated natural gas field that’s located off Qatar’s northeastern coast.
The contract awarded to Saipem, lasting approximately 5 years, includes engineering, procurement, fabrication and installation of two compression complexes.
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