RIYADH: Italy’s Saipem has secured an offshore engineering, procurement, construction and installation contract worth about $3.1 billion for its share of a major gas project in Qatar.
The contract, awarded by QatarEnergy LNG, covers the COMP5 package of the North Field Production Sustainability Offshore Compression Complexes project. The total value of the award is approximately $4 billion, Saipem said in a statement.
The award forms part of QatarEnergy LNG’s strategy to maintain and increase production capacity at the North Field, the world’s largest non-associated natural gas field, located off the northeastern coast of Qatar.
The project scope includes the “engineering, procurement, fabrication and installation of two compression complexes, each including a compression platform, a living quarter platform, a flare platform supporting the gas combustion system, and the related interconnecting bridges.”
Each complex will have a total weight of about 68,000 tonnes.
