Saipem was awarded a contract in February 2018 in the onshore E&C sector worth approximately $750mn. Work involves engineering, procurement, construction and commissioning under Package 3 Offsite Facilities in the framework of the development of the Duqm Refinery in Oman. The contract was awarded by Duqm Refinery and Petrochemical Industries Company. Once completed, the refinery will have a capacity of around 230,000 barrels per day. Stefano Cao, Saipem CEO, commented: “We welcome with particular satisfaction the awarding of this new contract, which signals the relaunch of our activities in Oman, a country in which Saipem has operated successfully in the past.” In July 2018, Saipem was awarded onshore E&C contracts, worth approximately $800mn in total, in five countries, including Saudi Arabia and Iraq. The company was awarded a contract in Saudi Arabia by Saudi Aramco for procurement and construction in relation to the ‘South Gas Compression Plant Pipelines’ project for the development of the Haradh gas plant, located in the east of the country. A further contract was awarded by ExxonMobil Iraq for the DS6 project for the debottlenecking of the West Qurna field, in the south east of Iraq. Debottlenecking is a process that optimises a plant in order to increase its overall capacity. The works will have a duration of 23 months and will mainly be executed in the Rumahila fabrication yard, owned by Saipem.
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