Saipem Wins Shell’s $1bn Contract For Deepwater Devt

Saipem, in a consortium with two Nigerian companies, has secured an offshore contract worth around $1 billion with Shell for a deepwater oil and gas project off the coast of Nigeria.

As part of the contract with Shell Nigeria Exploration and Production Company Limited (SNEPCo), Saipem will deliver the engineering, procurement, construction and installation (EPCI) of risers, flowlines, subsea umbilicals, and associated subsea structures for the Bonga North Project, located 130 kilometers offshore Nigeria

Design and fabrication activities will be carried out locally, also involving Nigerian suppliers and subcontractors.

The contract was secured in a consortium with KOA Oil & Gas and AVEON Offshore and has an overall value of about $1 billion, while Saipem’s share amounts to approximately $900 million.

TechnipFMC will supply Subsea 2.0 production systems for the development, including the design and manufacture of subsea tree systems, manifolds, jumpers, controls, and services.