Saipem, in consortium with KOA Oil & Gas and AVEON Offshore, Shell Nigeria has awarded a new offshore contract Exploration and Production Company Ltd. (SNEPCo) for the project Bonga North, relating to the development of an oil field in deep waters, 130 kilometers off the coast of Nigeria. The total value of the contract is approximately one billion dollars and Saipem's share amounts to approximately 900 million Dollars.

The project concerns the connection of wells to the FPSO existing. Saipem will be in charge of engineering, procurement, construction and installation (EPCI) of risers and flowlines, submarine umbilicals and associated underwater structures. Design activities and manufacturing will be carried out locally, also with the involvement of Nigerian suppliers and subcontractors.