{"id":88898,"date":"2024-08-21T00:00:00","date_gmt":"2024-08-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/saipem-lands-fresh-contract-from-aramco-for-the-marjan-oil-gas-field\/"},"modified":"2024-08-21T00:00:00","modified_gmt":"2024-08-21T00:00:00","slug":"saipem-lands-fresh-contract-from-aramco-for-the-marjan-oil-gas-field","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/21\/saipem-lands-fresh-contract-from-aramco-for-the-marjan-oil-gas-field\/","title":{"rendered":"Saipem lands fresh contract from Aramco for the Marjan oil + gas field"},"content":{"rendered":"

Aramco taps Saipem for EPCI works in Marjan oil + gas field: <\/strong>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<\/a>. The involved parties have not disclosed any information about the reported contract. <\/p>\n

What\u2019s the job?<\/strong> 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.<\/p>\n

This has been in the works since January: <\/strong>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.<\/p>\n

Marjan is set to boost Aramco\u2019s oil production capacity: <\/strong>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<\/a> and are on track and forecasted to be onstream by next year. <\/p>\n

The latest we heard of Marjan: <\/strong>Last week<\/a>, 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.<\/p>\n

REMEMBER-<\/strong> Saipem landed two offshore projects worth a combined USD 500 mn from oil giant Aramco last month<\/a> for EPCI works in the Abu Sa\u2019fah oil field and to introduce production maintenance programs for the Berri and Manifa fields. <\/p>\n

Long-standing partners:<\/strong> Saipem said earlier this year<\/a> that it is forecasting a 20% fall in average annual orders from Aramco until 2027 on the back of the oil giant\u2019s decision to shelve plans<\/a> of investment in new production capacity. However, it said Aramco\u2019s suspension would not significantly impact<\/a> its 2024 targets.<\/p>\n","protected":false},"excerpt":{"rendered":"

The contract is reportedly worth between USD 2 bn, and USD 2.5 bn<\/p>\n","protected":false},"author":1,"featured_media":88899,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2570],"tags":[139,2425,10,3062,87,2387],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88898","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-aramco","tag-energy","tag-enterpriseam-ksa","tag-marjan","tag-oil-and-gas","tag-saipem","wpautop","entry"],"acf":{"mongo_id":"b0d0bfbb-ee68-4381-9488-e5fc7d1a171c","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1862.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Aramco awards a new EPCI contract to Italy-based contractor Saipem in the Marjan oil, gas field","related_issue":[88887],"teaser":"The contract is reportedly worth between USD 2 bn, and USD 2.5 bn","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.2fcbc8ac-a134-4c28-8429-21ca5eac077a.mp3"},"yoast_head":"\nSaipem lands fresh contract from Aramco for the Marjan oil + gas field - 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