Saipem awarded a new € 200 million onshore contract in Algeria

 May 08, 2009; h 12:00

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San Donato Milanese (Milan), 8 May 2009 – Saipem has been awarded a new onshore contract in Algeria worth approximately 200 million euro.

The Algerian oil company Sonatrach has awarded Saipem the contract for the EPC (engineering, procurement and construction) of a marine export terminal for the future urea/ammonia plant to be built near the Algerian city of Arzew, about 400 kilometres west of Algiers.

The overall work on the project will be completed within 23 months.

Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.

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