Saipem awarded offshore $1 billion EPCI contract in Indonesia
Saipem and partner PT Meindo Elang Indah were awarded an offshore EPCI contract by BP. The contract is part of an integrated project known as Tangguh UCC Project comprising Ubadari field development, enhanced gas recovery through carbon capture, utilization and storage (EGR/CCUS) and onshore compression operated by BP and located in Papua Barat Province, Indonesia. The value Saipem’s share amounts to approximately $1 billion.
The Tangguh UCC project encompasses the production of natural gas resources from the Ubadari offshore field and its transportation to the onshore LNG plant where it will undergo a CO2 separation process. The captured CO2 will then be sent into an offshore platform for re-injection into the reservoir, helping to extract additional natural gas resources.
Saipem’s activities include the engineering, procurement, construction and installation of two wellhead production platforms, a wellhead platform for the re-injection of CO2 and approximately 90 km of associated pipelines.
The platforms will be fabricated locally in Karimun, Saipem’s largest yard worldwide and one of the largest in the Southeast Asian region, with over 5,000 employees and approximately 1.4 million sq m including the marine base and docks.
