Italian firm Saipem secures $1B offshore contracts from Saudi Aramco for Marjan, Zuluf, and Safaniyah oil field projects.

Italian company Saipem has secured two offshore contracts valued at around $1 billion from Saudi Aramco. The projects involve engineering, procurement, construction, and installation (EPCI) in the Marjan, Zuluf, and Safaniyah oil fields, including subsea pipelines and power cables. Construction will utilize Saipem's local facilities to enhance regional industry capabilities. This partnership strengthens Saipem's ongoing relationship with Saudi Aramco.

September 04, 2024
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