Eni’s Saipem awarded two offshore Libya pipeline contracts
Saipem, a construction subsidiary of Italy’s oil giant Eni has been awarded of two major contracts offshore Libya for a total of approximately €685 million ($694 million). The award follows international tender submitted by major competitors.
The first contract has a total value of approximately €285 million and involves the laying of a 540 kilometer gas pipeline linking Mellitah, on the Libyan coast, to Gela, Sicily, at a maximum water-depth of 1,160 meters.
The contract has been awarded by Greenstream, a company jointly owned by the National Libyan Company NOC and Eni. Pipelaying activities will be carried out during the second half of 2003 by the vessel Castoro Sei. The project is scheduled to be completed in June 2004.
The second contract, with a total value of approximately €400 million, comprises the project management, engineering, procurement, fabrication, transport and installation of two pipelines linking the Sabratha offshore platform, about 100 kilometers north of Tripoli, to Mellitah on the Libyan coast, in addition to fabrication and installation of auxiliary facilities. The contract has been awarded by Agip Gas, a company equally owned by the National Libyan Company NOC and Eni.
The project will be carried out by the vessel Castoro Sei during the first half of 2004 and will be completed in second quarter 2005. — (menareport.com)
© 2002 Mena Report (www.menareport.com)