Saipem awarded new onshore contract in Qatar for €1.4 billion

 December 03, 2007; h 12:00

San Donato Milanese (Milan), 3 December 2007 – Saipem has won the contract for the
development of the Qafco 5 project, involving new ammonia and urea plants within the Qafco
industrial complex, located in the Mesaieed City, about 30 kilometres south of Doha, in Qatar.
Saipem has been awarded the contract as part of a consortium with South Korea’s Hyundai
Engineering & Construction Co Ltd by Qatar Fertiliser Company S.A.Q.

The EPC (Engineering Procurement Construction) turnkey contract encompasses engineering,
procurement, construction and start-up of a new ammonia and urea production complex which will
be located in the Qafco fertiliser complex properties.

As consortium leader, Saipem has contract share of about €1.4 billion and will be in charge of
engineering and the procurement of two new ammonia plants, capable of producing 2,300 tons of
ammonia per day each, as well as one further new urea plant, with a capacity of 3,850 tons per day
of granulated urea, plus the associated utilities and off-site units. The contract is scheduled to be
completed within 40 months.

The project will allow Qafco’s fertiliser complex to become the world’s largest ammonia and urea
production site.

Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.

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