Home Industry Energy Italy’s Saipem wins offshore contract worth $2bn in Saudi Arabia The contract was signed under the existing long-term agreement with oil giant Saudi Aramco by Reuters September 19, 2024 Image credit: Saipem Italian energy engineering group Saipem said on Wednesday it had won an offshore contract worth around $2bn for the development of the Marjan oil field in Saudi Arabia. The contract was signed under the existing long-term agreement with oil giant Saudi Aramco, the company said in a statement. Saipem said earlier this month that it had won two other offshore contracts with Saudi Aramco, worth about $1bn in total, and an offshore contract worth $4bn with QatarEnergy, one of the world’s top LNG suppliers. Under the deal, Saipem said it would provide “engineering, procurement, construction and installation of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fibre optic cables. Read: Italy’s Saipem secures $4bn contract from QatarEnergy Tags energy Saipem Saudi Arabia Saudi Aramco You might also like OPEC Secretary General tells COP29 oil is a gift from God Türkiye plans IPOs for state energy companies, minister says TAQA, JERA, Al Bawani Capital to develop 2 power plants in Saudi Arabia Efficio’s Adam Forgács on local content’s role in economic diversification