Saipem awarded new E&C Onshore contracts worth approximately $650 million

In Canada, Saipem has been awarded a new EPC Lump Sum contract by Canadian Natural Resources Ltd. (Canadian Natural). The project consists of the engineering, procurement and construction of a Secondary Upgrader with a production capacity of 42,599 BPSD (barrels per stream day) of Hydrotreated Gas Oil, as part of the Horizon Oil Sands Project - Hydrotreater Phase 2 - in Alberta, in the Athabasca region, Canada. 

The scope of the project includes 3 units, to be built within the existing complex: Gas Oil Hydrotreating Unit (GOHTU), Common facilities (Substation & Rib), Wash Water and Rich Amine System and the Interconnecting Piperack. 

The complete Horizon Oil Sands Project will develop oil sands resources on Canadian Natural Oil Sands Lease, about 70 kilometers north of Fort McMurray in a phased development. At full capacity, the project will produce 250,000 B/cd of synthetic crude oil, from 270,000 B/cd of mined bitumen. 

The EDS (Engineering and Design Specification) package for the Plant is entirely prepared by assembling documentation from the current design of the Plant constructed by Saipem on 2008, for the same Client.  

The project will be completed in 44 months. 

In Nigeria, Saipem has been awarded the EPC Project for the construction of the second train of the Independent Power Plant at Afam, for Rivers State Government, in Rivers State. 

Saipem will be responsible for the full EPC of the Open Cycle Power Plant, with the exclusion of the supply of the Gas Turbine that will be supplied free-issued from the Client. 

Saipem is organised into two Business Units: Engineering & Construction 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 execution of large-scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation. 

Website:www.saipem.com
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Shareholder Information: Saipem S.p.A. - Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI) - Italy

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E-mail: investor.relations@saipem.com

 
The Project will last 18 months and will be fully developed within Nigeria, confirming the strong Saipem’s commitment to local content and its strong presence in the Country.  Saipem is already working on Project Phase1, now close to completion.