Italian energy engineering firm Saipem announced it has secured a $2 billion offshore contract for the Marjan oil field in Saudi Arabia. This deal is part of an ongoing agreement with Saudi Aramco.
Earlier this month, Saipem revealed two additional offshore contracts with Saudi Aramco, totaling $1 billion, and a $4 billion offshore contract with QatarEnergy, a leading LNG supplier.
The Marjan oil field contract involves Saipem handling the engineering, procurement, construction, and installation of various offshore structures, including wellhead platforms, tie-in platforms, rigid flowlines, and submarine composite and fiber optic cables.