Italian energy engineering group Saipem (SPMI.MI), opens new tab said on Wednesday 18 Sep it had won an
offshore contract worth around $2 billion for the development of the Marjan oil
field in Saudi Arabia.
The contract
was signed under the existing long-term agreement with oil giant Saudi
Aramco (2222.SE), opens new tab, the
company said in a statement.
Saipem said earlier this month it had won two other
offshore contracts with Saudi Aramco worth about $1 billion in total, and an offshore contract worth $4
billion with QatarEnergy, one of the world's top LNG suppliers.
Under the deal announced on Wednesday, Saipem said
it would provide "engineering, procurement, construction and installation
of wellhead platforms' topsides, wellhead platforms' jackets, tie-in platform
jacket and topside, rigid flowlines, submarine composite cables and fiber optic
cables."
By 1143 GMT Saipem shares were up 1.48%