Italian Company Signs Huge Contract on Maintenance of Offshore Oil Facilities in Azerbaijan
Azerbaijan, Baku, 28 October / Trend / Saipem, the hugest Italian oil contractor in Europe, has won three new offshore contracts for a total amount in excess of US$1.1 billion. The three contracts have been awarded in Azerbaijan, Brazil and Venezuela respectively, the company's official website reported.
Saipem will be responsible for the activities required for the inspection, maintenance and repair of the existing BP facilities in the Azeri offshore, including the platforms installed by Saipem in the previous years. The contract has duration of 5 years, which BP has an option to extend by 2 years.
Saipem will transport, install and test a 18", 174-kilometre long gas pipeline in the Santos Basin, offshore Brazil, as well as a 115-kilometre pipeline for Petroleos de Venezuela SA.