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Ivory Cost: Saipem wins offshore contracts worth $910 million



Italian offshore services company Saipem has won two new contracts for offshore activities in Ivory Coast and Italy, worth a total of 850 million euros (currently around $909.8 million).

The first contract was awarded to Saipem by Eni Ivory Coast and its partner Petroci. This is a Subsea Umbilicals, Risers and Flowlines (SURF) contract for the development of the Baleine Phase 2 projectnamed after the oil and gas field located off the coast of Côte d'Ivoire at a water depth of 1,200 m.

Saipem will be responsible for the engineering, procurement, construction and installation (EPCI) of around 20 km of rigid lines, 10 km of flexible risers and jumpers and 15 km of umbilicals connected to a dedicated floating unit. The installation work will be carried out by Saipem's best offshore construction vessels and will take place in 2024, Saipem said.

"With this new award, Saipem makes a further strategic contribution to the history of the Baleine field and strengthens its presence in Côte d'Ivoire. Saipem contributed to the drilling activities of phase 1 of Baleine by deploying the Saipem 10000 and Saipem 12000, suivis grâce à l’exécution accélérée de deux contrats pour Baleine Phase 1″, a déclaré Saipem.