San Donato Milanese (Milan), 20 September 2010 – Saipem has been awarded new onshore contracts with a total value of approximately $500 million.
In Algeria, the Algerian oil company Sonatrach awarded Saipem the EPC contract for the LDHP project within the framework of the LPG-LDHP initiative, at the Hassi Messaoud complex in central Algeria, 900km south east of Algiers.
The LDHP project encompasses the engineering, procurement and construction of an oil-gas separation plant and a gathering system made up of manifolds and pipelines for a total length of approximately 140 kilometres. The project will allow the Client to complete the original scope of the the LPG-LDHP initiative, which includes the LPG (Liquefied Petroleum Gas) processing facility that Saipem is currently building in Hassi Messaoud.
In Nigeria, Saipem has been awarded by the NNPC/Chevron Nigeria Limited Joint Venture, the EPC contract for the Olero Creek Restoration Project. The Olero Creek swamp area is located in the Delta State, about 200 kilometres northwest of Port Harcourt.
The flow stations system at Olero Creek consists of four barge-mounted processing modules to separate oil and gas from the well, separately deliver oil and gas and to re-inject water to the well. The scope of the contract is the refurbishment of two of the four stations: the NFS (North Flow Station) and the NWS (North Water Station). The project, scheduled to be completed in 19 months, will allow the Client to recover 40,000 barrels per day of production, previously lost due to the damage incurred to the flow barges system.
Finally, in Congo, Saipem has been awarded by the Port Autonome de Pointe Noire the EPC contract for the reconstruction and extension of the Pointe Noire Container Quay, encompassing the engineering, procurement and construction of an 800 metre long combi-wall quay, 15 metres draft, including backfill and main equipment (bollards, fenders, etc). The work will be completed in 34 months.
Saipem is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.
Saipem S.p.A. - Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI) - Italy
Relations with institutional investors and financial analysts:
Tel.: +39-02520.34653 - Fax: +39-02520.54295