Home Northern Africa Libya’s Bouri fields’ $1bn contract awarded to Saipem

Libya’s Bouri fields’ $1bn contract awarded to Saipem

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 Mellitah Oil & Gas – a consortium comprised of the National Oil Corporation of Libya and Eni – the contract roughly $1 billion contract covers development work at the Bouri Gas Utilisation Project (BGUP) is been awarded to Saipem. This is a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.

Mellitah Oil & Gas – a consortium comprised of the National Oil Corporation of Libya and Eni – the contract roughly $1 billion contract covers development work at the Bouri Gas Utilisation Project (BGUP) is been awarded to Saipem. This is a major contract for engineering and commissioning work on a new gas module for Libya’s Bouri field.

Lying some 75 miles off the Libyan coast Bouri began production in the late 1980s and is the country’s largest producing field. The BGUP project aims to eliminate the flaring of about 120 million cubic feet per day of gas, which will then be exported to the onshore Mellitah terminal in Libya via the existing Sabratha platform.

Saipem (MIL:SPM) is to carry out the revamping of platforms and facilities, with the latest contract including the engineering, procurement, construction, installation, and commissioning (EPCIC) of an approximately 5,000-tonne gas recovery module (GRM), onto the existing DP4 offshore facility. This project includes the laying of 28 km of pipelines connecting the DP3, DP4, and Sabratha platforms. The main lifting operations will be executed by the semi-submersible crane vessel Saipem 7000. Saipem said its completion would make an important contribution to reducing CO2 emissions in Libya.

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Saipem S.p.A. is an Italian multinational oilfield services company and one of the largest in the world. Until 2016 it was a subsidiary of Italian oil and gas supermajor Eni, which retains approximately 30% of Saipem’s shares Saipem operates in more than 50 countries, and is present in almost every Oil & Gas market around the world. The Company has a decentralised organisation in order to better respond to local needs and sustainability challenges.