Saipem Secures $800m Onshore Contract In Nigeria

VENTURES AFRICA – Italian oil services company, Saipem Società per azioni (Saipem S.p.A.) Thursday announced that it has secured a $800 million onshore contract in the Niger Delta region of Nigeria.

According to a statement issued to Reuters, the Italian company said the contract is part of the Southern Swamp Associated Gas Solution (SSAGS) feed gas project – a project which comprises facilities that are located about 65 kilometres south-east of oil-rich Warri, in Nigeria’s Niger Delta region.

According to a statement issued to Reuters, the Italian company noted the awarded contract is part of the Southern Swamp Associated Gas Solution (SSAGS) feed gas project – a project which comprises facilities that are located about 65 kilometres south-east of oil-rich Warri, Delta State in Nigeria.

Saipem is a subsidiary of Italian energy company Eni, which owns approximately 43 percent of Saipem’s shares.

Saipem has designed and constructed several pipelines including Blue Stream, a major trans-Black Sea gas pipeline that carries natural gas from Russia into Turkey; and Greenstream, a natural gas submarine pipeline from Libya to Italy.

The company was also part of Nord Stream, an offshore natural gas pipeline from Vyborg in Russia to Greifswald in Germany; and South Stream, a proposed gas pipeline to transport Russian natural gas through the Black Sea to Bulgaria and further to Greece, Italy and Austria.

According to the company’s statement made available to Reuters, the Nigerian project is expected to be completed in 32 months.