Subsea Cable Assets (SCA) secures $20 million contract from Saipem Contracting Netherlands for cable transportation and handling in the Caspian region.
Type: Supply Agreement · Technology: Telecom · Country: null · Value: $20M · Announced: 2026-09-23
Subsea Cable Assets (SCA) has secured a roughly $20 million contract from Saipem Contracting Netherlands for cable transportation and handling work. This agreement supports a major offshore energy project located in the Caspian region. The scope of work includes engineering, equipment fabrication, installation and operation, demobilization, and reinstatement, with SCA managing the campaign from equipment supply to deployment. SCA will provide five cable transport carousels, each with a capacity of 1,100 tonnes, along with associated cable-handling equipment. Manufacturing of the carousels and associated equipment is currently underway at SCA's Dubai facility, with shipment to Europe anticipated by the end of 2026.
Analysis
Subsea Cable Assets (SCA) secured a $20 million contract from Saipem Contracting Netherlands for cable transportation and handling in the Caspian region. SCA will provide five cable transport carousels, each with a 1,100-tonne capacity, and associated equipment for the offshore energy project. Manufacturing of the carousels is underway at SCA's Dubai facility, with shipment to Europe expected by the end of 2026. The agreement encompasses engineering, equipment fabrication, installation, operation, demobilization, and reinstatement.
Key points
- Contract value: $20 million
- Supplier: Subsea Cable Assets (SCA)
- Buyer: Saipem Contracting Netherlands
- Equipment: Five 1,100-tonne capacity cable transport carousels
- Shipment to Europe: End of 2026
Counterparties
- Saipem Contracting Netherlands (Buyer)
- SCA (Supplier)
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