ExxonMobil and Chevron in Saipem WA deals

ExxonMobil and Chevron have each handed services giant Saipem lucrative contracts for work off West Africa.

The deals from the US supermajor duo cap a busy week for Eni-connected Saipem which in the past few days revealed other large contracts in the same region.

Chevron offshoot Cabinda Gulf Oil has taken Saipem joint venture Petromar onboard for two development projects on Block 0 in the southern part of the Mafumeira field 30km off Angola. Petromar will provide engineering, procurement and pre-fabrication services for modifications and tie-in on the existing Mafumeira Norte platform as well as on the future Mafumeira Sul production platforms.

The contract is set to be carried out between the fourth quarter next year and the second quarter of 2015.

In Nigeria, ExxonMobil unit Mobil Producing Nigeria has signed up Saipem for the ASASA pressure maintenance project. At the same time it has won a contract from Aveon Offshore for the USARI FA-FR risers and Edop pipeline extension projects.

Saipem also said it had agreed changes in scope to various other offshore contracts and put the total value of all the deals at around USD 350M. On Wednesday the Italian said it had won a contract from Shell to engineer, design and construct the 40-kilometre Otumara-Saghara-Escravos pipeline in Nigeria’s Niger Delta.

The previous day, Addax Petroleum extended its charter of the Saipem semi-submersible drilling rig Scarabeo 3 for a further period until February 2014 for operations off Nigeria.

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