Saudi Edition 
Egypt Edition 
UAE Edition 
MENA <> India Corridor 
Logistics (MENA) 
Climate (MENA) 
Share
Read Full Issue 
Aramco taps Saipem for EPCI works in Marjan oil + gas field: Saudi Aramco has reportedly awarded a contract to Milan-based contractor Saipem for engineering, procurement, construction, and installation (EPCI) works with investments between USD 2 bn and USD 2.5 bn for multiple structures at the Marjan oil and gas field, according to a Meed exclusive. The involved parties have not disclosed any information about the reported contract.
What’s the job? The contract includes installing eight slipover jackets, three production deck modules, the upgrading of auxiliary platforms, laying subsea pipelines and cables spanning a 166 km area, and demolishing existing units, according to the project tracking platform.
This has been in the works since January: Meed cites unnamed sources as saying that technical and commercial bids for the project were submitted back in January. Saipem, along with other contractors including Lamprell, Larsen & Toubro Energy Hydrocarbon, Subsea 7, and NMDC Energy participated were among the bidders, the sources added.
Marjan is set to boost Aramco’s oil production capacity: The oil giant reported in its 1Q results that the Marjan crude oil increment is expected to add crude oil production capacities of 300k bbl / d and are on track and forecasted to be onstream by next year.
The latest we heard of Marjan: Last week, it was reported that China Offshore Oil Engineering completed a 24-storey offshore oil and gas platform that is set to be transported to the Marjan oil field at the end of this month.
REMEMBER- Saipem landed two offshore projects worth a combined USD 500 mn from oil giant Aramco last month for EPCI works in the Abu Sa’fah oil field and to introduce production maintenance programs for the Berri and Manifa fields.
Long-standing partners: Saipem said earlier this year that it is forecasting a 20% fall in average annual orders from Aramco until 2027 on the back of the oil giant’s decision to shelve plans of investment in new production capacity. However, it said Aramco’s suspension would not significantly impact its 2024 targets.
