Tuesday, 21 September 2010

Saipem Wins Onshore Contracts Worth Around $500 Million

Italian oil services company Saipem SpA said it has won onshore contracts in Africa worth a total of around $500 million.

In Algeria, Sonatrach has awarded Saipem a contract at the Hassi Messaoud oil center.

Saipem has also received a contract from the joint venture between the Nigerian National Petroleum Corp. and Chevron Corp. (CVX) for engineering, procurement and construction at the Olero Creek Restoration project.

In Congo, the Porte Noire Port Authority has awarded Saipem an engineering, procurement and construction contract to build an 800-meter-long pier.