Tag Archives | Saipem

Saipem wins contract at West Qurna

By John Lee. Italy's Saipem has been awarded a contract by ExxonMobil Iraq Limited for the DS6 project for the debottlenecking of the West Qurna field, in the south east of Iraq. Debottlenecking is a process that optimises a plant in order to increase its overall capacity. The works will have a duration of 23 […]

New Allegations of Massive Corruption in Iraq Oil Industy

By John Lee. An investigation by Fairfax Media -- publisher of The Age and The Sydney Morning Herald newspapers -- and The Huffington Post, claims that Monaco-based Unaoil has been involved in widespread bribery and corruption in the oil industry, including in Iraq, Iran and Libya. Following examination of tens of thousands of emails, the report says that Unaoil […]

Saipem Negotiating $1bn Iraq Contract

By John Lee. The Chief Executive Officer of Italy's Saipem has said that the company is negotiating a contract worth around $1 billion in Iraq. According to Reuters, Pietro Franco Tali (pictured) said on a conference call that the negotiations could be finalised by the end of the year. Iraq Business News believes the contract […]

Iraq picks Petrofac for $95m SPM Contract

Reuters reports that Petrofac has won a $95 million contract to carry out maintenance work for Iraq's new offshore terminals and sub-sea pipelines at the Gulf. The contract involves maintenance work to ensure there are no leakages in the pipelines or any faults at the two new single point mooring (SPM) terminals that may delay […]

Bidders Named for $1bn Iraqi Power Plant

Iraq  has announced the names of foreign companies bidding to build a $1 billion, 1,500 megawatt, power plant in western Iraq, according to a report from Reuters: South Korea's Hyundai Engineering & Construction; Italy's Saipem; Greece's Metka; Turkey's Gama; and, a consortium of Turkey's Calik Enerji and Italy's Techint. The plant will consist of six units: […]

Fairstar Wins $9.6m Saipem Contract in Iraq

Fairstar Heavy Transport N.V. (FAIR) has been awarded a contract by Saipem S.p.A. to provide float-over and installation services to Saipem for the 8,000 tonnes CMMP Platform in the Persian Gulf, off-shore Iraq. Saipem has contracted the new 50,000DWT semi-submersible vessel FINESSE for the transportation of the CMMP module from the fabrication facility in Karimun, […]

Samsung Wins $1bn Oil Contract

Iraq's cabinet announced that it had approved a $998 million oilfield service contract on Tuesday with a South Korean company for the West Qurna 2 oilfield, according to Reuters. While the memo did not name the company, Samsung Engineering was the only South Korean company on the final shortlist. Iraq and its partners, Russia's Lukoil […]

Saipem Wins Contract for Basra Oil Export Expansion Project

Iraq's South Oil Company has awarded Italy's Saipem the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2, within the framework of the expansion of the Basra Oil Terminal (ABOT), off the Al Faw Peninsula in the Arabian Gulf, approximately 550 kilometres south-east of Baghdad. The contract encompasses the engineering, procurement, […]

Iraq Awards Oil Export Project to Italy's Saipem

Italian firm Saipem, a subsidiary of oil group Eni, has been awarded a $469 million contract to expand oil export facilities in the southern port city of Basra, according to a report from AFP. The agency quotes government spokesman Ali al-Dabbagh as saying that the company has to complete the project within two years of […]

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