Saipem bags $750 million EPCI contract from Pemex

Italy’s Saipem announced that it has been awarded new offshore Engineering & Construction contracts in the Gulf of Mexico, for a total amount of approximately $750 million.

Pemex has awarded Saipem an EPCI contract for the development of the Lakach field, located 98 kilometers southeast of Veracruz and 131 kilometers northwest of Coatzacoalcos.

The scope of work of the contract involves the engineering, procurement, construction and installation (EPCI) of the system connecting the offshore field with the onshore gas conditioning plant. The project will be completed by the end of 2017.

Umberto Vergine, Saipem CEO, commenting on the new award said: “I’m very pleased about this new contract. This project is the first deep water development of Pemex and it shows the new potential in the oil and gas sector of a country where Saipem has been successfully operating offshore for more than 10 years. Being awarded such an important contract shows we have been able to strengthen our relationship with Pemex after the difficulties of last year”.

Saipem has also been awarded a Transportation & Installation contract by Protexa for the installation of various offshore structures, including two platform decks of around 3,000 tons each. The platforms are located in the Bay of Campeche in Mexico and are part of the development of Pemex in shallow waters.