Milan (Italy), December 19, 2024 – Saipem, in consortium with KOA Oil & Gas and AVEON Offshore, has been awarded a new offshore contract by Shell Nigeria Exploration and Production Company Limited (SNEPCo) for the Bonga North Project, relevant to the development of a deepwater oil field, 130 km off the coast of Nigeria. The overall value of the contract is about 1 billion USD and Saipem’s share amounts to approximately 900 million USD.
The project is related to the tieback of wells to the existing FPSO. Saipem’s scope of work encompasses the Engineering, Procurement, Construction and Installation (EPCI) of risers, flowlines, subsea umbilicals, and associated subsea structures.
Design and fabrication activities will be carried out locally, also involving Nigerian suppliers and subcontractors.
This major contract contributes to the overall fleet booking until 2027 and confirms Saipem’s leading role in deep-water activities, particularly in West Africa and in Nigeria where Saipem is present since the late 1960s.
