(Alliance News) – Saipem Spa announced on Wednesday that it had been awarded a new offshore contract by Turkish Petroleum OTC for the third phase of the Sakarya gas field development project in Turkey. The contract is worth approximately USD1.50 billion.
Sakarya is the largest offshore natural gas field discovered in Turkey and is located approximately 170 km off the coast of Filyos, Zonguldak. The third phase of development involves a new dedicated floating production unit (FPU) fed by 27 wells located in the Sakarya and Amasra fields, connected by a new trunkline to the onshore plant located in Filyos, on the Turkish Black Sea coast.
The activities assigned to Saipem include the engineering, procurement, construction, and installation of eight rigid flowlines and a 24-inch diameter Gas Export Pipeline, approximately 183 km long, connecting the offshore field, at a maximum depth of 2,200 meters, to Filyos.
The total duration of the contract is approximately 3 years, while the offshore campaign will be conducted in 2027 by Saipem’s Castorone pipe-laying vessel.
Saipem rose 0.7% on Wednesday to EUR2.34 per share.
By Maurizio Carta, Alliance News reporter
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