Saipem has been awarded a new engineering and construction contract by Saudi Aramco.
Saipem will work on an EPC contract relating to the expansion of the onshore production centres at the Khurais, Mazajili and Abu Jifan fields.
The construction of new facilities will allow to process additional 300,000 barrels per day from the Khurais field, while the installation of new satellite facilities will reinstate production of 200,000 barrels per day from the Abu Jifan and Mazalij fields.
The Khurais field is located about 150km northeast of Riyadh and it is a giant oil field, 127km long and covering an area of 2890 km2.
Umberto Vergine, Saipem’s CEO, commented: “This new contract is the result of our successful project delivery in Saudi Arabia and strengthens our relationship with Saudi Aramco, a key client.
“Saipem is highly committed to the development of the strategic Saudi’s national resources.”
Saipem has also won a new contract in Latin America which, combined with the Aramco deal, is worth $2bn.
