Saipem Wins Three Offshore Azerbaijan Contracts

Saipem, in consortium with BOS Shelf LLC and BOS Shelf International FZCO, (both companies being affiliates to the State Oil Company of the Azerbaijan Republic, SOCAR) has been awarded three new offshore contracts for the Shah Deniz Compression project operated by bp in Azerbaijan.

The overall value of the contracts is approximately $700 million, and Saipem’s share amounts to $600 million.

Saipem’s scope of work encompasses the transportation and installation of a new 19,000-ton compression platform in the Azerbaijan sector of the Caspian Sea, as well as the engineering, procurement, construction and installation (EPCI) of approximately 26 km of offshore pipelines to connect the new compression platform to the existing facilities, and all major permanent subsea works.

The main vessels employed for offshore operations will be the Khankendi, a subsea construction vessel owned by the Shah Deniz consortium, and the pipelay barge Israfil Huseynov owned by Azerbaijan Caspian Shipping. Both vessels will be managed and operated by Saipem for the execution of the project.

The use of local naval assets and the integration with Azerbaijani partners confirm