Saipem awarded two offshore contracts in Saudi Arabia worth about $400 million under the long-term agreement currently in place with Aramco. The first contract concerns engineering, procurement, Construction and installation (EPCI) of a tie in and two wellheads platform for water injection, about 5 kilometers of pipelines with a diameter of 24 inches, about 15 kilometers of 15 kV cables in the Safaniyah field, one of the largest deposits offshore oil in the world. The second contract includes the EPCI activities of four wellhead platforms for injection and related submarine infrastructure, at the Safaniyah oil field.

For offshore activities, Saipem will use the its own construction ships currently operating in the region. The project-related manufacturing activities will be built at the Saudi shipyard of the Saipem company Taqa Al-Rushaid Fabricators Co.