The Sakarya gasfield is located 170 kilometres off the coast of Filyos, Zonguldak, and the latest phase includes a floating production unit fed by 27 wells across the Sakarya and Amasra fields, connected to the onshore terminal via a new trunkline.
The FPU will be deployed northwest of the Djeno Terminal, offshore the Republic of Congo, at a depth of approximately 35 metres.
Based on end-2024 financial results, the merged company will have approximately EUR 21 billion in revenues and more than EUR 2 billion in EBITDA, and will command a backlog of around EUR 43 billion as of the end of Q1 2025. Annual free cash flow is expected to exceed EUR 800 million.
Based on end-2024 financial results, the merged company will have approximately EUR 21 billion in revenues and more than EUR 2 billion in EBITDA, and will command a backlog of around EUR 43 billion as of the end of Q1 2025. Annual free cash flow is expected to exceed EUR 800 million.
Saipem said the contract entails detailed engineering, procurement, construction, and commissioning of the carbon capture, storage, and ship loading systems. These actions follow the successful conclusion of the initial engineering and procurement services carried out following the Letter of Intent announced on July 26, 2023.
Saipem and Subsea7 have announced a memorandum of understanding (MoU) has been reached for a likely mega-merger to join the two companies.
Italy’s Saipem and Norway’s Subsea7 announced on Sunday that they have reached an agreement in principle and signed an MoU for the possible merger of the two companies.
Italian oil and gas contractor Saipem has won two deals worth $1bn from Aramco, Saudi Arabia’s state-owned oil company.
Italy’s Saipem has awarded a contract to Chinese shipyard China Merchants Heavy Industry (CMHI) to build an FPSO for TotalEnergies’ USD 6-billion Kaminho project, Upstream Online reported on Wednesday
Aramco let contracts for two offshore projects in Saudi Arabia to Saipem under an existing long-term agreement.