Saipem wins $400 million Aramco offshore EPCI contracts at Safaniya field

(WO) - Saipem has been awarded two offshore contracts by Aramco worth a combined $400 million to support development work at the Safaniya field, one of the world’s largest offshore oil fields.

The awards, issued as Contract Release Purchase Orders (CRPOs) under a long-term agreement with Aramco, cover engineering, procurement, construction and installation (EPCI) of key infrastructure aimed at supporting water injection and reservoir management.

The first contract includes the installation of a water injection tie-in platform, two wellhead platforms, approximately 5 km of 24-in. pipeline and 15 km of subsea power cables. The second contract covers the installation of four additional water injection wellheads and associated subsea facilities.

Water injection projects play a critical role in maintaining reservoir pressure and sustaining production levels in mature offshore assets such as Safaniya, reinforcing the field’s long-term output capacity.

Offshore installation activities will be carried out using Saipem’s construction vessels currently operating in the region, while fabrication will take place at the company’s Saudi yard, operated by Saipem Taqa Al-Rushaid Fabricators Co. Ltd.

The awards further strengthen Saipem’s position in Saudi Arabia and expand its long-standing relationship with Aramco, as the operator continues to advance offshore brownfield and capacity maintenance projects across its portfolio.