Saipem secures two contracts from Eni worth $910 million for Baleine Phase 3 offshore development and biofuel production expansion

Type: Supply Agreement · Technology: Oil Gas · Country: Ivory Coast · Value: $910M · Announced: 2026-07-27

Saipem has been awarded two contracts by Eni, totaling $910 million, for work on the Baleine Phase 3 offshore development in Ivory Coast and the expansion of biofuel production at Enilive's Venice biorefinery in Italy. For the Baleine Phase 3 project, Saipem will engineer, fabricate, transport, and install approximately 50 km of rigid pipelines and associated subsea infrastructure in water depths up to 1,300 meters. The scope also includes the installation of flexible risers, jumpers, subsea production systems, a 3-km flexible gas export flowline, and 22 km of subsea umbilicals, with the project expected to take about three years. The second contract involves engineering, procurement, and construction of a new deoxygenation unit to increase hydrotreated vegetable oil (HVO) biofuel production at the Porto Marghera refinery. This development aims to increase total field production to around 150,000 barrels of oil per day and 200 million cubic feet of gas per day, with all gas allocated to Ivory Coast's domestic market.

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