Saudi Aramco has let an offshore contract under an existing long-term agreement to Saipem for development of Marjan field in Saudi Arabia.
The value of the contract is about $2 billion, the service provider said in a release late last week.
Aramco is continuing construction and engineering activities on the offfshore Marjan crude oil increment project, designed to add 300,000 b/d of Arabian Medium crude, up from 500,000 b/d. The project is expected to be onstream by 2025.
Saipem’s scope of work involves the engineering, procurement, construction, and installation of wellhead platforms’ topsides, wellhead platforms’ jackets, tie-in platform jacket and topside, rigid flowlines, submarine composite cables and fiber optic cables.
