Italian energy services company Saipem (IT: SPM) has landed two lucrative offshore contracts.
Worth a total of more than £446 million, the two deals are for transportation and installation (T&I) activities in Australia and Turkey.
The first contract was awarded by Chevron Australia Pty for the Jansz-lo compression project, which is part of the wider Gorgon scheme.
The gas field is located around 125 miles offshore the north-western coast of Australia, at water depths of about 1,400 meters.
Gorgon is a grouping of different fields and one of the world’s largest natural gas developments. It is also home to a carbon capture and storage project that has, to date, been plagued with difficulties.
Offshore operations at Jansz-lo are planned to start in 2024 and they will be carried out by the Constellation vessel.
The second contract covers work at the Sakarya gas field development, which was discovered by TPAO in August 2020.
It is the first deepwater natural gas field unearthed in Turkey in the Black Sea, about 108 miles off the coast of Eregli.
Work on the contract, which entails the T&I of pipelines to 2,200-meter water depth, is due to kick off in spring next year and will be conducted mainly by the Castorone vessel.
It was recently announced that energy services giants Subsea 7 and Schlumberger would team up to provide subsurface equipment to Sakarya.
It’s thought the field holds 540 billion cubic metres of gas, with first production expected in 2023.
© Supplied by SaipemFrancesco Caio, chief executive and general manager of Saipem, said: “The award of these two important contracts highlights our solid expertise in subsea installation and our world-class assets as well as being a tangible sign of recovery of the offshore market.
“These new contracts in the gas sector, a fundamental element of the energy transition, provide solid indications of the improvement in demand and testify to Saipem’s capability of offering solutions in line with its clients’ needs.”