Riyadh - Sharikat Mubasher: Italy’s Saipem, a global engineering and construction leader, won a new offshore contract worth around $2 billion, under the existing Long-Term Agreement (LTA) with Saudi Aramco, for the development of the Marjan field in Saudi Arabia.

In a statement, the company clarified that its scope of work includes the engineering, procurement, construction, and installation of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables, and fiber optic cables.

The Italian company will deploy its local offshore fleet, including state-of-the-art dynamic positioning vessels and its advanced welding technology, leveraging its renowned engineering expertise.

Saipem will also execute the fabrication activities at the Saudi fabrication yard Saipem Taqa Al-Rushaid Fabricators Company (STAR) in Dammam.

Moreover, this contract will contribute to enhancing the local content, developing the capabilities of local industry, and solidifying Saipem’s long-standing presence in Saudi Arabia.