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Italy’s Saipem awarded Aramco contracts worth $500m

Saipem signed a 12-year framework agreement in 2020 with Aramco to cover onshore engineering and construction activities Aramco
Saipem signed a 12-year framework agreement in 2020 with Aramco to cover onshore engineering and construction activities

Saipem, an Italian oil services company, has been awarded contracts for two offshore projects worth $500 million from Saudi Aramco as part of its existing long-term agreement with the Saudi oil giant.

The first project’s work scope involves engineering, procurement, construction and installation of a crude trunkline for the Abu Safa field.

The second project involves the production maintenance programmes of the Berri and Manifa fields.



In November 2020, Saipem signed a 12-year framework agreement with Aramco to cover onshore engineering and construction activities.

The programme aims to optimise consumption and reducing emissions of CO2 and hydrogen sulfide, among other initiatives.

This month, Saudi Arabia announced seven new oil and gas deposits in the Eastern Province and Empty Quarter.

In January, the energy ministry directed Aramco to maintain its maximum sustainable crude capacity at 12 million barrels per day (bpd) and not raise it to 13 million bpd.