Saipem Wins Major Offshore Contract For Qatar's North Field Gas Project
Date
9/16/2024 5:20:17 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 16. Saipem has been
awarded a significant offshore Engineering, Procurement, and
Construction (EPC) contract by QatarEnergy LNG as part of the North
Field Production Sustainability Offshore Compression Program,
Trend reports.
The project, valued at approximately $4 billion, will focus on
sustaining natural gas production from the North Field reservoir,
located off the north-east coast of Qatar.
The contract, which encompasses two phases-COMP3A and
COMP3B-includes the engineering, procurement, fabrication, and
installation of six offshore platforms. Additionally, Saipem will
install approximately 100 kilometers of corrosion-resistant alloy
rigid subsea pipelines, 100 kilometers of subsea composite cables,
and 150 kilometers of fiber optic cables. Several other essential
subsea facilities will also be part of the installation.
This major deal follows the EPC package for the North Field
Production Sustainability Offshore Compression Complexes Project
(COMP2), which was awarded to Saipem in October 2022. The ongoing
COMP2 project underscores Saipem's strong position in Qatar's
energy sector.
The North Field is one of the world's largest offshore natural
gas reservoirs, and sustaining its output is a critical part of
Qatar's long-term energy strategy. With this contract, Saipem
further consolidates its track record in delivering large-scale
offshore infrastructure projects for QatarEnergy, enhancing its
role as a key partner in the region's gas production expansion
efforts.
As the project progresses, it will be a cornerstone in ensuring
Qatar maintains its status as a leading global LNG exporter.
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