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04.05.2016 Saipem wins $1.3B worth Shah Deniz award

Italian company Saipem and its consortium partners Bos Shelf and Star Gulf have been awarded a call-off 007 under the Shah Deniz Stage 2 Master Agreement by BP, on behalf of the Shah Deniz partnership.

The total value of the contract is approximately $1.5 billion (Saipem share approximately $1.3 billion), with a duration of five years plus a possible extension for a further five.

The Shah Deniz field is located 90 kilometers offshore Azerbaijan, in water depths from 75 meters to 550 meters. The scope of work of the call-off refers to the transport and installation of subsea production systems and subsea structures, laying of fiber optic cables and production umbilicals, laying of 90 kilometers of pipelines, the activation, crewing and operations management of the new-build Subsea Construction Vessel (SCV) Khankendi, the SCV diving support, remotely operated vehicle (ROV) support and marine base management post 2017.

Saipem has been involved in the Shah Deniz Stage 2 project since 2014.