Saipem wins contracts worth £300m

growing trend: Smaller businesses are increasingly acquiring assets that are no longer considered “core” by their incumbent owners
growing trend: Smaller businesses are increasingly acquiring assets that are no longer considered “core” by their incumbent owners

Italian oil industry contractor Saipem has clinched deals worth £300million ($400million) in Saudi Arabia and West Africa.

Saipem said it would carry out engineering, procurement and construction work in Saudi Arabia, under the Long Term Agreement renewed in 2015 until 2021.

Specifically, if will build a new offshore pipeline and provide other services for the upgrade of the Manifa water injection system.

 

 

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