Saipem, which revealed that the deal is worth approximately $500 million, said its scope of work includes the Engineering, Procurement, Construction and Installation (EPCI) of a 48-inch trunkline, comprising approximately 40 miles offshore and seven miles onshore, as well as associated subsea facilities in the Safaniya oil field. Safaniya is one of the world’s largest offshore oil fields, Saipem highlighted.
Offshore operations will be carried out by Saipem’s construction vessels currently deployed in the region, according to the company, which revealed that fabrication activities will be executed at Saipem’s Saudi fabrication yard, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., in Dammam.
“Project execution is expected to leverage Saipem’s proven experience in delivering strategic pipelines and offshore infrastructure in the region, combined with its advanced engineering capabilities,” Saipem said in the statement.
“Activities will be executed in compliance with the highest standards of safety, quality, and environmental protection that characterize all Saipem’s operations, aimed at ensuring efficiency and reliability at every stage,” the company added.
“The combination of enhanced local capabilities and cutting‑edge technical expertise is expected to support the efficient development of strategic energy infrastructure in Saudi Arabia,” Saipem continued.
In the statement, Saipem said this new award reinforces its long-standing presence in Saudi Arabia.