News Gas & LNG

Saipem Wins Qatar Offshore EPCI Contract Worth $3.1 Billion

By Bloomberg

Dec 21, 2025

image is BloomburgMedia_T7MN33T96OSG00_22-12-2025_10-59-13_639019584000000000.jpg

Bloomberg

(Bloomberg) -- Energy services and drilling specialists Saipem SpA and Offshore Oil Engineering Co. Ltd. have been awarded an offshore EPCI contract by QatarEnergy LNG.  

The overall value of the contract is approximately $4 billion, with Saipem’s share amounting to approximately $3.1 billion, according to a statement on Sunday.

The project will allow QatarEnergy LNG to maintain and expand production capacity at North Field, the world’s largest non-associated natural gas field that’s located off Qatar’s northeastern coast.

The contract awarded to Saipem, lasting approximately 5 years, includes engineering, procurement, fabrication and installation of two compression complexes.

 

 

 

 

©2025 Bloomberg L.P.

By Flavia Rotondi

SPM:IM 16453Z:QD 600583:CH ALLTOP BUSINESS CMD COS EUROPE EURTOP INDUSTRIES MARKETS MIDEAST NRG OIL WORLD WWTOP WWTOPEU

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