Saipem has been awarded a $1.8billion engineering and construction contract from the Kashgan field project in the Caspian Sea.
The deal, through its subsidiary ERSAI Caspian Contractor LLC, is for the construction of two 95km pipelines which will connect D island in the Caspian Sea to the Karabatan onshore plant in Kazakhstan.
The scope of the work will include the engineering, welding materials, conversion and the preparation of vessels and pre-commissioning of the pipelines.
The two pipelines, with a diameter of 28 inches, are made of carbon steel, internally cladded with a corrosion resistant alloy layer, and will each have an offshore length of about 65 out of the total 95 km.
The construction will be completed by end of 2016.
Umberto Vergine, Saipem chief executive, said: “This is a very important contract working for some of the most important oil companies in the world in a key region for Saipem. It also represents another relevant contribution to our backlog in this low price market environment.”
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