12th Jul 2024 09:42
Saipem Spa - Milan-based oilfield services company - A consortium consisting of Saipem Contracting Netherlands BV, BOS Shelf LLC and BOS Shelf International FZCO has signed a framework agreement with BP Exploration (Caspian Sea) Ltd, part of BP PLC. The deal entails the execution of offshore activities in the Azerbaijani waters of the Caspian Sea. Saipem will operate the SCV Khankendi vessel and provide the crew for marine activities concerning the Shah Deniz and Azeri-Chirag-Gunashli fields. The consortium will take responsibility for the installation, construction, procurement and installation of subsea infrastructures and life-of-field services. Saipem estimates the overall value of the services to be approximately USD300 million. Of this, USD250 million relates to Saipem's share. Initial agreement has a three-year duration, but may be extended for two more years. Read More