Saipem lands offshore contracts totalling £446 million

Saipem lands offshore contracts totalling £446 million

Italian energy services company Saipem (IT: SPM) has landed two lucrative offshore contracts.

Worth a total of more than £446 million, the two deals are for transportation and installation (T&I) activities in Australia and Turkey.

The first contract was awarded by Chevron Australia Pty for the Jansz-lo compression project, which is part of the wider Gorgon scheme.