Saipem bags contracts worth more than $500million

Saipem.
Saipem.

Italian contractor Saipem has won new engineering and construction work offshore Indonesia and the Republic of Congo, totalling around $520million.

In the Republic of Congo, Saipem has been awarded a contract by Aker Solutions for the fabrication of subsea structures, including suction anchors, for the Moho project.

This development will utilise local fabrication capabilities that Saipem has developed over the years with its Boscongo Yard in Pointe Noire, in line with local content requirements.

Total, operator of the Moho-Bilondo licence, launched development work in March last year, starting with Moho Nord, which includes the development of Moho-Bilondo Phase 1bis, in water depths ranging 450-1,200m.

The development will have a capacity of 140,000 barrels oil equivalent per day with first oil expected next year.

For Phase 1bis, a total of 11 subsea wells will be tied back to the floating production ship already in place on Moho-Bilondo. Its processing capacity is being increased by 40,000boe per day.

For Moho Nord, 17 subsea wells are being drilled and tied back to a new production ship, while 17 additional wells will be developed from a new tension leg platform (TLP).

In Indonesia, Italian petroleum major Eni has awarded a consortium led by Saipem the EPCI contract for a new-build production vessel for the Jangkrik Complex Project development.

The consortium comprises Hyundai Heavy Industries and the joint venture between Saipem, Tripatra Engineers & Constructors and Chiyoda. The total contract value for the project is $1.1billion.

The new build spread-moored vessel will have a processing capacity of 450million cubic ft per day of gas plus condensates.

The scope of work includes engineering, procurement, fabrication of the barge and the installation of a mooring system as well as hook-up, commissioning and assistance to the start-up.

The Jangkrik FPU project will be carried out from the Saipem Execution Centre in Jakarta.

Topsides fabrication will be carried out at Saipem’s Karimun Island Yard, also located in Indonesia, while the hull will be fabricated in HHI’s offshore yard in Ulsan in South Korea. The vessel is to be delivered at site ready for surf hook-up in 34 months.

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