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Europe: Italy's Saipem wins $500 million worth of onshore contracts

Europe: Italy's Saipem wins $500 million worth of onshore contracts

Write: Carel [2011-05-20]
p>Italian oilfield engineering group Saipem has been awarded new onshore contracts with a total value of some $500 million, the company said Monday.


In Algeria, state-owned oil company Sonatrach awarded Saipem a contract for an oil-gas separation plant and a gathering system and the Hassi Messaoud complex, 900 km southeast of Algiers.


Saipem, which is 43% owned by oil and gas major Eni, said the project will allow Sonatrach to complete the LPG processing facility that it is currently building in Hassi Messaoud.


In Nigeria, Saipem has been awarded by state-owned NNPC and Chevron a contract to refurbish two of the four stations at Olero Creek in the Delta State, about 200 km northwest of Port Harcourt.


The project, scheduled to be completed in 19 months, will allow the clients to recover 40,000 b/d of oil, previously lost due to the damage incurred to the flow barges system, Saipem said.


In Congo, Saipem has been awarded by the Port Autonome de Pointe Noire a contract for the reconstruction and extension of the Pointe Noire Container Quay.


China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html