Saipem and DSME bag billion dollar Caspian construction award

Submitted by Paddy Harris on Tue, 2014-11-25 10:21

25th November 2014

Saipem, through its controlled company Ersai Caspian Contractor LLC, has been awarded a major new engineering and construction contract in the Caspian Region

Saipem and DSME bag billion dollar Caspian construction award

Ersai is a Kazakh company founded by ERC Holdings (a limited liability partnership established under the laws of Kazakhstan) and Saipem International B.V.)

The contract awarded to ERSAI, in consortium with Daewoo Shipbuilding & Marine Engineering Co., is worth approximately USD 1bn.

"This contract underlines our excellent track record in a key market for Saipem and I look forward to the continued development of our presence in the Caspian Region, working with our local partners to deliver a high quality service to some of our most important clients,” said Umberto Vergine, Saipem CEO.

Contract scope includes yard engineering, fabrication and pre-commissioning activities as well as the load-out of 55,000 tons of pipe racks.

Ersai is a Kazakh company founded by ERC Holdings (a limited liability partnership established under the laws of Kazakhstan) and Saipem International B.V. (ENI Group Company).