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Saipem awarded Shah Deniz pipeline and Middle East jack-up rig contracts worth USD 750m

27th May 2014

In the engineering and construction onshore sector, Saipem has been awarded the contract for the construction and commissioning of the expansion of the South Caucasus Pipeline in Azerbaijan and Georgia

In the engineering and construction onshore sector, Saipem has been awarded the contract for the construction and commissioning of the expansion of the South Caucasus Pipeline in Azerbaijan and Georgia
Saipem has agreed a one year extension of the Perro Negro 7 contract, a high specification jack-up capable of operating in water depths of up to 110 metres

The scope of work  includes the construction of a 428 kilometre pipeline loop and associated above ground installations, including block valves, a pigging facility and tie-ins in Azerbaijan and Georgia, as well as the construction of a 59 kilometre second pipeline loop and associated above ground installations in Georgia. The expanded section of the South Caucasus Pipeline will start approximately 23 kilometres from the Sangachal Terminal, located south-west of Baku, in Azerbaijan, and will end in Georgia just south of Tbilisi. The project will be completed by the second quarter of 2018.

Saipem is directly involved in the Shah Deniz Stage 2 development project, following the award last month of an offshore engineering and construction contract worth USD 1.8bn.

In the drilling sector, Saipem has agreed on a one year extension of an existing contract in the Middle East for three onshore rigs starting in the second half of 2014, and has signed new contracts for three onshore rigs starting in the second quarter of 2015.

In addition, in the offshore Drilling, Saipem has agreed a one year extension of the Perro Negro 7 contract, a high specification jack-up capable of operating in water depths of up to 110 metres, also presently working in the Middle East.

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