MILAN –Saipem announced today they have been awarded new offshore engineering and construction contracts worth $1.1 billion in Brazil, Angola and the Caspian Sea.
In Brazil, Saipem has signed an Engineering, Procurement, Installation, and Commissioning (EPIC) contract with Petrobras for the projects Sapinhoa Norte and Cernambi Sul, within the development of the Pre-Salt Risers in the Santos Basin, approximately 300 kilometres off the coasts of the Rio de Janeiro and Sao Paulo states, in water depths of 2,200 metres. Petrobras is operator of the BM-S-09 consortium with BG and Repsol and the BM-S-11 consortium with Galp and Repsol.
A graphical depiction of what a Free Standing Hybrid Riser array looks like. The “hybrid” refers to the combination of flexible lines connecting the FPSO to the free standing, rigid production pipe which is supported by the buoyancy cans. Image via 2H Offshore
The scope of work encompasses the engineering, procurement, fabrication, installation and pre-commissioning of the SLWR (Steel Lazy Wave Riser) for the collection system at the Sapinhoa Norte field, and of the FSHR (Free Standing Hybrid Risers) for the gas export systems at the Sapinhoa Norte and Cernambi Sul fields. The offshore activities will be performed by the highly-specialized Saipem FDS 2 vessel, and will start in the third quarter of 2014. Saipem will use its yard currently under development in Guaruja for the fabrication of part of the Risers system equipment.
In Angola, Saipem has been awarded an EPIC contract by Total E&P Angola for the GirRI (Girassol Resources Initiatives) project in Block 17, located approximately 210 kilometres north-west of Luanda.
Image courtesy Saipem
The contract comprises the engineering, procurement, fabrication, installation and commissioning of topside modifications for the multiphase pump systems on the Girassol and Dalia FPSOs. The offshore activities will mainly be performed by the Saipem 3000 vessel during the fourth quarter of 2014.
In the Russian sector of the Caspian Sea, Saipem has been awarded a contract for T&I activities in the Vladimir Filanovsky field by Lukoil-Nizhnevolzhskneft (a wholly–owned LUKOIL subsidiary).
The scope of work encompasses the transportation and installation of several facilities including an ice-resistant fixed platform, a living quarter platform, a central processing platform and a riser platform, along with connection bridges. The activities will be performed in two offshore campaigns between March and November of 2013 and 2014 respectively, due to sea-icing during the winter.
The frequency of cable incidents in the Baltic Sea has been "exceptional" in recent years, but state actors have more effective ways of performing underwater sabotage than by dragging anchors, Finland's intelligence service chief said.
U.S. President Donald Trump is expected to decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids.
CMA CGM Group posted 2024 results broadly similar to those of AP Møller Maersk (APMM), but warned of a difficult year to come. As usual, however, the French shipping group, which has now integrated Bolloré Logistics into its Ceva subsidiary, did not provide full transparency into its numbers.
March 3, 2025
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