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FINANCIAL NEWS
Saudi Aramco awards contract to Italian Saipem
28 Oct 2014
(MENAFN) Saudi Aramco awarded Saipem, the Italian oil services firm, contracts in relation to the engineering and construction work related to the expansion of output from three of its onshore fields, Arab News reported.
The expansion project is set to include having new facilities, which will allow 300.000 additional barrels to be processed from the Khurais field, while fresh infrastructure will allow the resumption of production of 200,000 barrels from the Abu Jifan and Mazalij fields.
Saipem said that this contract is one of nine contracts the firm has recently won related to engineering, construction and drilling work in the Middle East and Latin America, with a total worth of these contracts expected to reach USD2 billion.
The firm said that one of these contracts, which is in drilling, is for the Perro Negro 7 jack-up rig operating offshore in the Middle East, which the firm will start working on from November of 2015 until the end of 2018.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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