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ZAWYA: Saipem’s Safaniya oil field award value hits $800mln following latest Aramco deal
ZAWYA: Saipem’s Safaniya oil field award value hits $800mln following latest Aramco deal
About this update from Saipem S.p.a.
Staff WriterSaipem has been awarded two contracts worth $400 million by Aramco for water injection works at Safaniya offshore oil field in the Arabian Gulf. The two new agreements push the Italian engineering company’s year-to-date total for the field to $800 million.All three contracts were issued as Contract Release Purchase Orders (CRPOs) under an existing Long-Term Agreement (LTA) with Aramco.CRPO 154, first of the two contracts awarded last week, covers engineering, procurement, construction and installation (EPCI) of:One water injection tie-in platformTwo water injection wellheadsAround 5 km of 24-inch pipelinesApproximately 15 km of 15kV subsea cablesThe second contract, CRPO 155, includes EPCI works for:Four water injection wellheadsAssociated subsea facilitiesPreviously, in February 2026, Saipem was awarded additional CRPO under LTA worth $500 million for the Safaniya oil field. It included EPCI of:A 48-inch trunkline, comprising approximately 65 km offshore and 12 km onshoreAssociated subsea facilitiesThe offshore installation works will be executed using construction vessels already deployed in the region while fabrication activities will be carried out at Saipem’s Saudi yard by Saipem Taqa Al-Rushaid Fabricators Co. Ltd., supporting localisation and industrial capability development in the Kingdom.(Writing by SA Kader; Editing by Anoop Menon)([email protected])Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.