Saipem has been awarded the final award of the two projects Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZT) for the development of offshore transport and transport facilities CO2 storage in the East Coast Cluster in the UK. The value of the two projects, lasting 30 months - announced the Italian company - is about 650 million euros.

The first project was awarded by Net Zero North Sea Storage Limited, a Northern Endurance Partnership company (NEP), a joint venture between the operator bp, Equinor and Total Energies. The second project was awarded by Net Zero Teesside Power Limited, a joint venture between bp and Equinor. The final award follows the completion of the processes approval procedures and positive final investment decisions (FID) by customers and the UK government.

Saipem's scope of work includes engineering, the procurement, construction and installation (EPCI) of a 28-inch offshore pipeline about 143 kilometers long, with the related landings and ground control and inspection facilities for the project, and the EPCI of the water evacuation line for the NZT project. The offshore installation of the pipeline will be performed by Saipem's flagship Castorone and the operations near the coast will be carried out by the Beaver 10, Saipem pipe-laying vessel specialized in water activities Shallow.

Once completed, the projects will contribute to the construction of the first zero-emission industrial hub in the north-east of England and the achievement of the Net UK with the transport and storage of approximately four million tons of CO2 per year from 2028.