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Saipem lands USD 1.8bn Shah Deniz 2 deal

01st May 2014

Saipem has won a new offshore engineering and construction contract in at the massive BP-run Shah Deniz 2 oilfield in Azerbaijan

Saipem lands USD 1.8bn Shah Deniz 2 deal
The field is located 90km offshore Azerbaijan, in water depths from 75 meters to 550 meters

BP, on behalf of the Shah Deniz consortium, has awarded to the Saipem, Bos Shelf and Star Gulf consortium, a Transportation and Installation contract for the Stage 2 development of the Shah Deniz field worth approximately USD 1.8bn.

The field is located 90km offshore Azerbaijan, in water depths from 75 meters to 550 meters. The scope of work of the contract includes the transportation and installation of jackets, topsides and subsea production systems and subsea structures, the laying of over 360 km pipelines. They will also supply diving support services and the upgrade of the pipelay barge Israfil Huseinov, dive support vessel Tofiq Ismailov, and derrick barge Azerbaijan. The project will be completed by the end of 2017.

Commenting on the award, Umberto Vergine, Saipem CEO, said: “The Caspian is a strategic area for the oil and gas industry and we have been working in the region since 1996. We have built a solid and unique presence in the area thanks to our capabilities and expertise in large and complex offshore projects. I’m very pleased that Saipem will be involved in the development of Shah Deniz Stage 2, which will ultimately deliver gas to Europe”.

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