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Saipem awarded new E&C Offshore contracts worth approximately $600 million

San Donato Milanese (Milan), 16 December 2011 –Saipem has been awarded new E&C Offshore contracts in South America worth approximately $600 million.

In Brazil, Saipem has been awarded an EPIC contract by Petrobras for the development of the gas export pipeline Lula NE - Cernambi, in the Santos Basin Pre-Salt Region, approximately 270 kilometres off the coast of the State of São Paulo.

The development encompasses the engineering, procurement, fabrication and installation of a gas export pipeline 18 inches in diameter and 19 kilometres long, and related subsea equipment, which will be laid in a maximum water depth of 2,200 metres. The pipeline will connect the field of Cernambi to a Central Manifold in the field of Lula.

The majority of the offshore activities will be performed by the deepwater field development ship Saipem FDS 2 during the second half of 2013. This is the third export flow line from the new Pre-Salt FPSOs (after Guara and Lula NE) and the third to be installed by the Saipem FDS 2. The technology of the FDS 2 installation vessel, and specifically its powerful J-Lay capacity, is ideally suited to the installation of the ultra-deep water pipelines and flow lines of the Pre-Salt fields in Brazil.

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