Saipem wins the Kashagan pipeline contract offshore Kazakhstan amounting to 520 million Usd

abarrelfullabarrelfull wrote on 16 Aug 2012 07:37

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2nd November 2004

Saipem has been awarded the contract for the construction and installation of the offshore pipeline system as part of the development of the programme of the Kashagan field located in the Kazakh sector of the Caspian Sea, approximately 80 km south-east of the town of Atyrau.

The contract, awarded by the companies of the North Caspian Sea Production Sharing Agreement (PSA)(1), following an international tender, has a total value of 520 million USD. The scope of work comprises the engineering, procurement of bulk materials, coating, laying and pre-commissioning of pipelines, fibre optic cables and umbilicals. Line pipes will be provided by the client.

Saipem will install the pipeline system between 2006 and 2007 with a new lay barge and new trenching equipment.

(1): The companies of the North Caspian Sea PSA, which includes the giant Kashagan field, are: Agip KCO (Operator 16.67%), BG Group (16.67%), ConocoPhillips (8.33%), ExxonMobil Kazakhstan, Inc. (16.67%), Inpex (8.33%), Total (16.67%), Shell (16.67%).

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