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Home » Italy’s Saipem wins $1 billion gas project contract off Libya

Italy’s Saipem wins $1 billion gas project contract off Libya

Saturday, August 12, 2023 Oil & Gas 1 Min Read
Italy’s Saipem wins $1 billion gas project contract off Libya

Italy’s engineering, drilling, and construction services provider Saipem has secured a new contract worth approximately $1 billion for the development of a gas project off the coast of Libya. The contract is with Mellitah Oil & Gas Libyan Branch, a consortium formed by National Oil Corporation of Libya and Eni North Africa.

The contract, known as the Bouri Gas Utilisation Project (BGUP), will involve the revamping of platforms and facilities at the Bouri gas field in water depths between 145 m and 183 m. The completion of the project is expected to contribute significantly to reducing CO2 emissions in Libya.

Saipem’s responsibilities under the contract include engineering, procurement, construction, installation, and commissioning of a 5,000-ton gas recovery module onto the existing DP4 offshore facility. Additionally, Saipem will lay 28 km of pipelines to connect the DP3, DP4, and Sabratha platforms. The main lifting operations will be carried out by Saipem’s semi-submersible crane vessel, the Saipem 7000.

The Bouri Gas Utilisation Project (BGUP) is an expansion project for the Bouri field, which is part of Block NC-41. It is situated 120 km north of the Libyan coast in the Mediterranean Sea.

Source: EnergyPortal.eu

 

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