Saipem awarded $500M offshore EPCI contract for Safaniya oil field in Saudi Arabia

Saipem has been awarded an additional offshore contract, valued at approximately $500 million, by Aramco for the Safaniya oil field in Saudi Arabia. The contract involves the Engineering, Procurement, Construction, and Installation (EPCI) of a 48-inch trunkline, spanning approximately 65 km offshore and 12 km onshore, along with associated subsea facilities. Offshore operations will utilize Saipem's construction vessels in the region, while fabrication activities will be carried out at Saipem's Saudi fabrication yard in Dammam. This award reinforces Saipem's long-standing presence and relationship with Aramco, leveraging its experience in strategic pipelines and offshore infrastructure.

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Developer

Aramco

company · 1 deals

Aramco is one of the world's largest integrated energy and chemicals companies, creating value across the hydrocarbon chain and delivering societal and economic benefits to people and communities around the globe. They are committed to playing a leading role in the Energy Transition and helping the world achieve a net-zero economy.

Saipem

company

Saipem is a global leader in engineering, procurement, construction, and installation (EPCI) services for the energy and infrastructure sectors. The company specializes in complex projects, including offshore and onshore drilling, subsea construction, and large-scale infrastructure development, with a growing focus on energy transition solutions. They offer a comprehensive range of services from conceptual design to commissioning and maintenance.