Saipem Nets $4B for Work at Qatar’s Giant Gas Field

Monday, September 16, 2024

Italian offshore energy services firm Saipem has secured $4 billion engineering, procurement, and construction (EPC) contract from QatarEnergy LNG for work at a project aimed at sustaining the production of the North Field natural gas reservoir offshore Qatar.

This contract follows the EPC package for the North Field Production Sustainability Offshore Compression Complexes Project - [COMP 2], awarded to Saipem in October 2022 and currently being executed.

The new contract covers the combined COMP3A and COMP3B scope of the North Field Production Sustainability Offshore Compression Program, whose goal is to secure the sustained production of the North Field gas reservoir.

Saipem’s scope of work encompasses the engineering, procurement, fabrication and installation of six platforms as well as approximately 100 km of corrosion resistance alloy rigid subsea pipelines of 28 inches and 24-inch diameter, 100 km of subsea composite cables, 150 km of fiber optic cables and several other subsea facilities.

Qatar's North Field is one of the largest natural gas field in the world, with recoverable reserves of more than 900 trillion standard cubic feet (TSCF), or approximately 10% of the world's known reserves.

The North Field lies off the north-east shore of the Qatar peninsula and covers an area of more than 6,000 square kilometres, equivalent to about half the land area of the State of Qatar.

In February 2024, QatarEnergy announced it is proceeding a new LNG expansion project, the North Field West project, to raise the nation’s LNG production capacity to 142 million tons per annum (MTPA) before the end of this decade.

Additional gas quantities in the North Field are estimated at 240 trillion cubic feet, which raises Qatar’s gas reserves from 1,760 to more than 2,000 trillion cubic feet, and the condensates reserves from 70 to more than 80 billion barrels, in addition to large quantities of liquefied petroleum gas, ethane, and helium.


Categories: Middle East Industry News Activity Oil and Gas

Related Stories

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

Allseas Hooks $180M Pipeline Installation Job Offshore Philippines

New Partner Joins Timor-Leste Offshore Gas Development

Valeura Produces First Oil from Nong Yao Extension Off Thailand

ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

Valeura Set to Restart Wassana Production Offshore Thailand

ExxonMobil to Transfer Operations of Two Malaysian PSC Assets to Petronas

ExxonMobil Selling Malaysia Oil and Gas Assets to Petronas

Woodside and Taiwan’s CPC Ink Long-Term LNG Supply Deal

First Gas Starts Flowing at SapuraOMV’s Jerun Platform Off Malaysia

Current News

Valeura Energy Consolidates Thai Oil and Gas Assets

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

Shelf Drilling Secures $200M Contract Extensions with Chevron for Thailand Ops

Floating Wind and the Taming of Subsea Spaghetti

Impending Shortage of Jackups within Ageing Asia Pacific Fleet

Equinor Tries Again for a Japan Offshore Wind Lease

Yinson Production Concludes Minority Stake Sale in FPSO Anna Nery

Sunda Energy Pushes Back Chuditch-2 Appraisal Well Drilling Date

CNOOC Starts Production at Another Oil Field in South China Sea

ABS Takes Charge of Digital Twin Project for Petrobras’ FPSOs

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