Italy's Saipem wins two contracts in Romania and Germany for overall 1.8 bln euros

OMV Petrom SA

03/08/2023 17:46

MILAN, Aug 3 (Reuters) - Italian energy services group
Saipem  SPMI.MI  on Thursday said it was awarded two contracts,
in Romania and Germany, for a total value of around 1.8 billion
euros ($1.97 billion).
    The contract in Romania, which was awarded by the country's
top oil and gas firm OMV Petrom  ROSNP.BX , relates to the
Neptun Deep Gas Development Project located in the Black Sea. 
    As part of the contract Saipem will engineer, procure,
construct and install an undersea gas processing platform, three
subsea developments and a 160-kilometre-long (99.4
miles)pipeline with an associated fiber-optic cable to the
coast, the company said.
    Saipem added it would build the gas processing platform in
its yards in Italy and Indonesia.
    The second contract was awarded by Germany's Gascade
Gastransport for the laying of around 50 kilometres of the
Ostsee Anbindungsleitung pipeline in the Baltic offshore.
    
($1 = 0.9136 euros)

 (Reporting by Giulio Piovaccari; Editing by Sharon Singleton)
 ((giulio.piovaccari@thomsonreuters.com))