Saipem new projects in saudi arabia pdf. The value of the contract is approximately 2 billion USD.

Saipem new projects in saudi arabia pdf Specific procedures have been developed and are improved on a continuous basis by implementing the findings from new projects. Norbert Plambeck, shareholder of Plambeck Emirates LLC, stated: "The development of the 500 MW floating offshore wind farm project is part of the new 5 GW "Wind Market” concept, which has been proposed to May 17, 2021 · Italy’s Saipem announced in a statement that it has been awarded the extension of two important contracts for onshore drilling activities in Saudi Arabia. The backlog at the end of 2023 stood at €29,802 million, of which over 70% from Offshore business projects, both Engineering & Construction and Drilling. The Jazan refinery and terminal project is promoted by Saudi Aramco, our main client, followed by Total, BP and Eni. In-depth investigations were carried out into these events. Sep 10, 2006 · The Khurais oilfield development was the largest of several Saudi Aramco projects intended to boost the production capacity of Saudi Arabia’s oilfields from 11. B. Jun 29, 2023 · Under the existing Long-Term Agreement (LTA) with Saudi Aramco, Saipem has been selected to be awarded a new offshore project. Specifically, Saipem’s scope of work under the first projectinvolves the Engineering, Procurement, Sep 18, 2024 · Milan (Italy), September 18, 2024 – Saipem has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. Oct 6, 2022 · Under the agreement, Hyundai E&C plans to carry out major projects through this new joint venture, and to promote cooperation and localisation strategies such as fostering local EPC companies in Saudi Arabia and expanding the recruitment of local manpower for successful project execution. But Saipem operates in a context of breathtaking complexity, quarter of 2023; the project is a concrete expression of Saipem’s ability to carry out large integrated onshore/offshore projects for its clients. Sep 5, 2024 · The award follows the award of two offshore projects in Saudi Arabia in July, under its Long-Term Agreement (LTA) with Saudi Aramco, together amounting to US$500mn and relating to the Abu Safa, Berri and Manifa fields Saipem has a longstanding relationship with Saudi Aramco, and a strong presence in the Saudi Arabia and throughout the region. Apr 3, 2023 · Saipem announced in a statement that it has been awarded three new offshore contracts and two competitive FEED contracts totalling approximately 650 million USD. Nov 15, 2022 · The project is scheduled to start in 2023 in continuity with the previous works of the rig in West Africa. Sep 15, 2024 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. 5bn contract that involves the engineering, procurement, construction and installation (EPCI) works for several structures at the Marjan oil and gas field development in Saudi Arabia. 144 (2GTG) PG7121EA Construction 2004 COUNTRY CLIENT CAPACITY TURBINE SCOPE ON STREAM LOCATION MW MODEL OF WORK COGENERATION POWER PLANTS (COPP) KHURSANIYAH 370 MW COGENERATION POWER PLANT – SAUDI ARABIA The project was an integral part of a multibillion contract to Saipem Jul 16, 2024 · Saipem has secured two offshore projects worth $500 million in Saudi Arabia, under an existing long-term agreement with Saudi state-owned oil giant Aramco. V. These two projects are part of the ongoing long-term agreement (LTA) with Saudi Arabian oil group giant, Saudi Aramco. The two projects, encompassing engineering, procurement, construction and installation, have been awarded by the Saudi Arabian Oil Company (Saudi Aramco) to the Onshore E&C division and involve the The project will be delivered in the third quarter of 2016. Structure of the Saipem Group 5 Directors’ Report Saipem SpA share performance 10 Operating Review 13 Organisational structure 13 Organisational structure: reporting 13 Discontinued operations and non-current assets held for sale 13 Market conditions 14 New contracts and backlog 15 Capital expenditure 16 Jul 16, 2024 · Saipem has secured two offshore contracts worth approximately $500m (€458. As a result we have put in place effective measures to overcome them. relations@saipem. The scope of work in the initial project comprises the provision of engineering, procurement, construction and installation (EPCI) services for a crude trunkline of approximately 50 km with a diameter of 42′ for the Abu Safa Field Saipem is a leading company in engineering, drilling and construction of major projects in the energy and infrastructure sectors. Belfinger was contracted to modernise the air-pressure system at the Berri gas plant in August 2018. AURCO therefore specializes in emergency or quick turnaround projects, and we excel on project work in remote areas. Al Hajri Corporation (" NSH "), have signed with Aramco an industrial national engineering, procurement, and construction (EPC) champion implementation agreement (the " Agreement "), as part of Namaat Industrial Investment Programs event, for the execution of onshore EPC projects in the Kingdom by Nov 30, 2017 · San Donato Milanese (Milan), November 30, 2017 – Saipem has been awarded a new E&C Offshore contract by Saudi Aramco for Engineering, Procurement, Construction (EPC) activities in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021. Jul 14, 2022 · San Donato Milanese (MI), July 14, 2022 — Saipem and the Saudi construction company, Nasser S. Sep 4, 2023 · “The JGC Group will continue to aim to win orders for projects planned by Saudi Aramco, realizing job creation and technology transfer to many Saudis through the execution of such projects, thereby contributing to the further development of the Kingdom of Saudi Arabia,” JGC said at the time of the contract award. The contracts, awarded under an existing long-term agreement with oil giant Saudi Aramco, involve the engineering, procurement, construction, and installation of infrastructure, including subsea pipelines, at the Marjan, Zuluf, and Safaniyah Furthermore, Saipem has been awarded certain variation orders for additional works linked to ongoing offshore E&C projects in Saudi Arabia, Azerbaijan and in the North Sea. presence, AURCO is able to mobilize quickly for projects throughout the Kingdom. occurred in Brazil, Saudi Arabia and Singapore respectively, involving three workers from the same number of subcontractors, to whom Saipem had entrusted work relating to Offshore and Onshore projects. Business Lines Countries Project Type1 Focus on Offshore E&C and Integrated Projects Well diversified geographical mix Strengthening foothold in core markets and expansion into new markets Energy Carriers (Onshore E&C) Asset Based Services (Offshore E&C) ≈ 35% related to gas projects ≈ 65% related to oil projects ≈ 60% Sep 4, 2024 · The first of the latest offshore contracts duo, secured in Saudi Arabia under the existing long-term agreement with Aramco, will see Saipem handle the engineering, procurement, construction, and installation (EPCI) of three production deck modules (PDMs), 33 kilometers of subsea rigid pipelines with diameters of 12 inches and 16 inches, and 34 kilometers of subsea power cables. Contractors involved. The effectiveness of the contract is subject to the fulfilment of the customary conditions precedent. The awards strengthen Saipem’s presence in Saudi Arabia and its longstanding relationship with Aramco. Top priority is provided throughout to all HSE and Quality aspects. 3 Local employment in Nigeria 16 7. 3 BLN € TOTAL PURCHASES OF GOODS AND SERVICES FROM ITALIAN SUPPLIERS. Forward-looking statements contained in this presentation regarding future events and future results are based on current expectations, estimates, forecasts and Mar 5, 2024 · It will include 418 million standard cubic feet per day of ethane and approximately 630,000 barrels per day of gas liquids and condensates. Jan 10, 2024 · In a recent update on LinkedIn, Saipem, a global engineering firm, announced the completion of a significant pipeline project in Saudi Arabia. The initiative, known as the Haradh and Hawiyah Increment, forms a vital component of Saudi Aramco’s strategy to augment gas production and facilitate energy transition within the Kingdom. Saipem has been awarded two offshore projects in Saudi Arabia, under the existing Long-Term Agreement (LTA) with Saudi Aramco. Since 2008, 'Saipem Taga Al-Rushaid Fabricators Company Ltd' (STAR) has been operating in the Middle East region. It underscores the Taqa Al-Rushaid for Marine Works Co. 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. Second, our critical mass in terms of E&C fleet already operating in the Gulf. (Saudi Aramco / NSH /Saipem), Marjan. SAIPEM is performing the Maintenance & Inspection Engineering Services for the new 400,000 BPSD Jubail Export and Refinery Project. . com Relations with institutional investors and financial analysts Tel: +39 0244234653; Fax: +39 0244254295; E-mail: investor. Saipem also stated that it secured a new contract in Colombia for a duration of 4 years. In Saudi Arabia, Saipem was awarded a contract from Saudi Aramco, under the current Long Term Agreement (LTA), a project involving the engineering, procurement, construction and installation of five platforms and related subsea pipelines, flowlines and cables in the Marjan field, offshore of Saudi Arabia, with an entirely on-site fabrication scheme. employed to carry out projects around the world in the 2017-2023 period ~1,400. Jul 15, 2024 · In January this year Saipem announced that it had completed the South Gas Compression Plant Pipelines project, designed to increase the life of a large number of gas wells in the Haradh & Hawiyah fields in Saudi Arabia. Saipem also has an EPC track record in Waste-to-Energy Plants. 0 NIGERIA 15 7. Towards a sustainable business Feb 28, 2024 · Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is one of the world leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex San Donato Milanese (MI), March 13, 2019 - Saipem has been new awarded new contracts, and extensions to other already existing contracts, in Onshore Drilling worth approximately 220 million USD in total. The major undertaking aims to extend the life of gas wells in the Haradh and Hawiyah fields. SAIPEM. 2 Saipem’s local content approach in Saudi Arabia 11 6. Saipem: award of $750 million contract for Jafurah gas field . Revenue for the first half of 2024 amounted to € 2,523 million and shows an increase of 6. INTERIM CONSOLIDATED REPORT as of June 30, 2018 001-074SaipemSem18Ing. San Donato Milanese (Italy), November 30, 2021 - Saipem has signed a new contract with Saudi Aramco on the Jafurah Development Program in Saudi Arabia. It continuously contributes to the construction of components for the Arabian Gulf. Having worked on brownfield projects over the last few years we know from experience the various challenges they present. Together with Saudi Aramco, the project is promoted by Jazan Economic City (JEC) and is part of a broader strategy for the diversified and sustainable growth of the Saudi Arabian economy. 5 million bpd by 2009. Sep 18, 2024 · Saipem announced in a statement that it has been awarded a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia. com Jul 25, 2018 · Saipem has been awarded a contract in Saudi Arabia by the national oil company Saudi Arabian Oil Company (Saudi Aramco) for procurement and construction in relation to the “South Gas Compression Plant Pipelines” project for the development of the Haradh gas plant (HdGP), located in the east of the country. bztgsqe upyp jmxow wmwzvr spqew vltvv ymghikz msdelv mmlmhau iutry ajiyn sotf pbnkf lmumtp aeid