The company said it would carry out work with its FDS2, Constellation and Castorone vessels. It will carry out work from its Port of Georgetown base.
Asset-based services makes up the majority of Saipem’s backlog, at 65%, or around 10bn euros this year.
The Italian company said it would begin work immediately and expected to complete this in early 2026.
Saipem has completed foundation installation works at the Neart na Gaoithe (NnG) wind project off Fife.
Italian oilfield services firm Saipem (BIT: SPM) has awarded Petrofac a new multi-million-pound deal to support the decommissioning of a platform in the UK sector of the North Sea.
Saipem’s Puliti gave the example of the need for offshore wind installation vessels. He said there was a “clear need” for new vessels, “otherwise there is no way that demand in the next three to five years can be satisfied by supply. But no one has the courage to invest today”.
Looking at inspection alone, “the FlatFish case is compelling and it's credible. As long as the client is willing to count and sum up all the benefits, it makes perfect sense.”
In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
Saipem expects the offshore commissioning and start up of the FPU to take place in the fourth quarter of 2025.
Saipem has announced the award of two major contracts for offshore work in Congo and the Gulf of Mexico worth a combined $700 million.
Saipem has secured a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.
Saipem is continuing its bounceback from the troubles of last year after the company unveiled its latest set of financials.
Testing has shown "positive results" but more work is needed.
The ministry had expected a final investment decision (FID) on the $4.5 billion Hoima facility by the end of June. The aim was for the facility to be ready for first oil from the Lake Albert fields in late 2025.
Saipem (BIT: SPM) has been awarded a pair of offshore drilling contracts worth a total of $550 million.
KCA Deutag has announced a suite of new contracts and extensions across the North Sea worth in excess of £55 million.
Italian contracting giant Saipem has been picked to assist in the decommissioning of an aged North Sea installation.
Saipem’s Castorone vessel will carry out the offshore operations, starting in the summer of 2024. The company previously worked on the first phase of the Sakarya field, which began producing in April.
Italian contractor Saipem (MIL: SPM) has completed its first installation campaign for the mammoth Dogger Bank offshore wind farm.
Saipem has announced three new offshore contracts and two Front End Engineering Design (FEED) contracts with a total value of £524.9 million ($650m).
PTT signed an agreement with Electricity Generating Authority of Thailand (EGAT) in February 2022 on the new LNG terminal.
Saipem’s contract did not, though, cover reactivation costs for the rig. As a result, Deep Value Driller entered into a loan facility for $75 million, which will mature in three years.
Saipem reported diminishing losses in its full-year results, after a year marred by lossmaking wind contracts and the departure of its CEO.