Saipem has announced that it has awarded an offshore EPC contract from QatarEnergy LNG for the Combined COMP3A & COMP3B of the North Field Production Sustainability Offshore Compression Program. This project aims to maintain production at the North Field offshore natural gas reservoir, located northeast of Qatar’s coast. The contract is valued at approximately $4 billion.
Saipem’s responsibilities include the engineering, procurement, fabrication, and installation of six platforms, along with around 100 km of corrosion-resistant alloy subsea pipelines (28″ and 24″ diameter), 100 km of subsea composite cables, 150 km of fiber optic cables, and other subsea facilities.
This contract builds on the EPC package for the North Field Production Sustainability Offshore Compression Complexes Project (COMP 2), awarded to Saipem in October 2022, which is currently in progress. It further strengthens Saipem’s position and track record in Qatar.
Additionally, earlier this month, Saipem won contracts worth $1 billion in Saudi Arabia.
