Saipem adds $1.8bn Middle East offshore deal to summer haul

Splash24713 Aug 2026AI generated

Saipem's scope covers engineering, procurement, construction and installation of offshore and subsea facilities, with the client undisclosed. The contract continues a busy summer for the Italian energy services contractor: in July it won an EPCI contract, in joint venture with PT Tripatra Engineers and Constructors, for an FPSO on Eni's Kutei North Hub project with a Saipem share near $2bn, followed by $400m of Aramco awards in Saudi Arabia under an existing long-term agreement.

Context

The article adds the EPCI scope and July workload detail beyond the bare contract value already reported on the same date.

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