Global Oil & Gas firm, Saipem announced in a statement that it has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia.
The project involves the construction of a hydrocarbon collection system and the transport of gas and condensate to the new Jafurah plant, in the Eastern Province of Saudi Arabia.
Saipem will also build a system to transport water associated with the separation of the treated gas.
The contract has a total value of approximately USD 750 million.
The EPC (Engineering, Procurement, Construction) contract includes the engineering, supply of materials, construction, and commissioning of approximately 835 km of pipelines for the transportation of gas, condensate and production water.
Francesco Caio, Saipem’s CEO, commented: “The award of this new project from Aramco consolidates a long-standing relationship and Saipem’s strategic positioning in the Middle East. The agreement confirms the trust and appreciation of our customers in the project management capacity and in the cutting-edge engineering and technological services that Saipem is able to offer”.
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