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Siapem Awarded $3B Contract For Nigerian Oil Field Developmen​t

News » Business

IMAGE: Saipem »

June 27, 2013


Total Upstream Petroleum Nigeria Limited – a joint venture with Nigeria’s oil company NNPC – has awarded a $3 billion contract to Italian oil and gas contractor Siapem, for the sub-sea development of Egina oil field.

According to ThisDay, the Italian contractor – a subsidiary of Italian oil giant, Eni – will carry out engineering, procurement, fabrication, installation and pre-commissioning of 52 kilometres of oil production and water injection flowlines as part of the contract.

It will also deliver 12 flexible jumpers, 20 kilometres of export pipelines and 80 kilometres of umbilicals, a cable which supplies required consumables, as well as mooring and offloading systems, with installation work to be carried in 2016 and 2017.

A statement issued by the company yesterday said “this very large contract confirms the leading role of Saipem in the deep water activities.”

The firm also noted that most of the fabrication work would be carried out at its Rumoulumeni yard in Port Harcourt, Rivers State, in line with Nigeria’s local content requirements.

Earlier reports revealed that the contract for the development of the new floating production, storage and offloading (FPSO) vessel was recently awarded to South Korea’s Samsung Heavy Industries, to be used by Total to develop the deep-water field – located in a water depth of 1700 metres.

The field is now expected to be fully operational in the second half of 2017, about three years behind the original schedule.


Article Credit: Ventures-africa News

Updated 5 Years ago

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