Italian oilfield services provider Saipem has secured two lucrative contracts for offshore activities, collectively worth €850 million.

The first contract, awarded by Eni Côte d’Ivoire and partner Petroci, involves the delivery of subsea umbilicals, risers, and flowlines (SURF) for the development of the Baleine Phase 2 project located offshore Côte d’Ivoire at a water depth of 1,200 meters. Saipem's scope of work encompasses engineering, procurement, construction, and installation (EPCI) of approximately 20 kilometers of rigid lines, 10 kilometers of flexible risers and jumpers, and 15 kilometers of umbilicals connected to a dedicated floating unit. The installation will be conducted using Saipem's construction vessels and is scheduled for 2024.

In addition, Saipem, in a temporary association of companies with Rosetti Marino and Micoperi, secured the second contract from Snam Rete Gas. This contract is for the construction of facilities for a new floating storage and regasification unit (FSRU) to be located offshore Ravenna, Italy. The project includes the EPCI of a new offshore facility, linked to the existing one, for the docking and mooring of the FSRU. The FSRU will be connected to the shore via a 26” offshore pipeline spanning 8.5 kilometers, as well as a 2.6-kilometer onshore pipeline and a parallel fiber optic cable. The onshore pipeline installation will utilize a micro-tunneling system to minimize environmental impact, while offshore operations will be executed by the pipelay barge Castoro 10.

These contracts come on the heels of Saipem's announcement in August that it had secured deals with oil majors Eni and BP, totaling approximately $700 million. Additionally, the company had earlier won a contract worth around $1 billion for a gas project off the coast of Libya. In the preceding month, Saipem had also clinched new E&C offshore contracts in Romania and Germany with a combined value of approximately €1.8 billion.