QatarEnergy grants $4b contract to Italy’s Saipem
This EPC contract will support sustained production at North Field natural gas reservoir
Dubai: Liquified natural gas (LNG) company QatarEnergy LNG grants a $4 billion (Dh14.6 billion) contract to Italy’s oilfield services multinational Saipem to enhance its gas output.
This engineering, procurement, and construction (EPC) contract will support sustained production at the North Field natural gas reservoir located off Qatar’s northeast coast.
The project scope includes the engineering, procurement, fabrication, and installation of six platforms, 100 kilometres of corrosion-resistant alloy rigid subsea pipelines, 100 kilometres of subsea composite cables, 150 kilometres of fibre optic cables, and several other subsea facilities as part of the North Field production sustainability offshore compression program.
In 2022, QatarEnergy awarded a separate $4.5 billion (Dh16.5 billion) EPC contract for another phase of the North Field production sustainability offshore compression complexes project, and work on that project has commenced.
Qatar, a leading LNG exporter, revealed plans in February to boost its LNG production from the North Field—from the current 77 million tonnes per year (mpta) to 142 mpta by 2030, up from the previous expansion goal of 126 mpta, according to Arabian Gulf Business Insight.