Saipem Joins JV for Arctic LNG2 Project

Laxman Pai
Monday, August 5, 2019

Italian oil and gas industry contractor Saipem reached a deal on Friday to participate in a joint engineering venture for a liquefied natural gas (LNG) project in the west of Siberia.

The subsidiary of Eni said in a press release that it has has reached an agreement with Technip France SA and NIPIgaspererabotka to participate in the Joint Venture for the realization of the Arctic LNG2 project.

The project has been awarded by Arctic LNG2, a company formed by Novatek JSPC (60%) and Ekropromstroy Ltd (40%).

It comprises the detailed design, procurement, fabrication, construction, commissioning and start-up of three liquefied natural gas (LNG) trains, each with a capacity of approximately 6.6 million tons per year (MTPA), which will be installed on Concrete Gravity Based Structures (GBS).

Saipem is currently designing and building the GBS in the framework of the contract already announced with the press release of December 19, 2018.

The new LNG trains will be realized in the Tazovsky district located in the autonomous administrative region of Yamal - Nenets, in the western part of the Gydan peninsula (Russian Federation).

The Contract will be executed under Lump Sum and Reimbursable basis. Saipem has been assigned a share of the project worth approximately 2.2 billion Euro.

Stefano Cao, Saipem CEO, said: “Involvement in the works for the construction of the three trains for the Arctic LNG2 project, following the awards of the contracts for the Gravity Based Structures with the same client and the LNG Mozambique Project with Anadarko, reaffirms Saipem’s strategic choice to consolidate its leadership across the entire natural gas value chain”.

Categories: People & Company News Energy LNG Arctic Operations Arctic Gas

Related Stories

ORE Catapult and Japan’s FLOWRA to Jointly Advance Floating Wind

China Unveils Plans for New Offshore Wind Farms to Tackle Carbon Emissions

ADNOC Signs 15-Year LNG Supply Deal with Osaka Gas for Ruwais Project

Tokyo Gas Enters LNG Market in Philippines

SLB Names Raman CSO, CMO

ADNOC Secures LNG Supply Deal with India's BPCL

BP to Help Boost Oil and Gas Output at India’s Largest Producing Field

CNOOC’s South China Sea Oil Field Goes On Stream

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Flare Gas Recovery Meets the Future

Current News

China's ENN, Zhenhua Oil Ink LNG Supply Deals with ADNOC

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

Mitigate SCC & HE to Keep Offshore Metal Structures Ship Shape

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Indonesia Awards Oil and Gas Blocks to Boost Reserves

Sapura Energy Nets $22.6M in Offshore Support Vessel Contracts

CNOOC Puts Into Production New Oil Field in South China Sea

Sunda Energy Starts Environmental Consultation for Chuditch-2 Well Drilling Plans

Pakistan’s OGDC to Start Production at ADNOC’s Offshore Block by 2027

Petrovietnam, Petronas Extend PSC for Offshore Block

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com