Saipem S.p.a.MIL: SPM

Saipem Wins Two Offshore Contracts In Saudi Arabia Worth Around $600 Mln

· Issued by Saipem S.p.a.
Watch Saipem explain itSaipem Spa (SAPMF) Q2 2026 Earnings Call · Replay · Jul 28

Saipem SpA MIL:SPM:

  • WINS TWO OFFSHORE CONTRACTS IN SAUDI ARABIA WORTH APPROXIMATELY $600 MILLION

  • FIRST CONTRACT TO LAST 32 MONTHS, INCLUDES ENGINEERING, PROCUREMENT, CONSTRUCTION, INSTALLATION OF AROUND 34 KILOMETRES OF PIPELINES

  • SECOND CONTRACT TO LAST 12 MONTHS, INCLUDES UNDERWATER WORK AT MARJAN FIELD