Saipem wins $911 million Eni contracts for Ivory Coast and Italian projects

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โดย Offshore Technology·Read original
Summary · why it matters

Saipem has secured contracts from Eni and its affiliates worth approximately €800 million, or $911 million, for two projects. The first contract, awarded by Eni Côte d'Ivoire and its partners, covers the third development phase of the Baleine oil and gas field offshore Ivory Coast, including engineering, fabrication, transport and installation of around 50 kilometers of rigid pipelines, subsea structures, flexible risers, jumpers, subsea production systems, a 3-kilometer flexible gas export flowline and 22 kilometers of subsea umbilicals, with work expected to last about three years using the FDS and Shen Da construction vessels. The second contract, from Eni subsidiary Enilive, involves engineering, procurement and construction of a new deoxygenation unit at the Venice biorefinery in Porto Marghera, Italy, designed to process 70 tonnes per hour of biogenic feedstocks and increase hydrotreated vegetable oil biofuel output, forming part of a wider collaboration on biorefining projects following a previous award for biojet fuel production at the same site announced in June 2025.

Impact on stocks 2

Energy Transition & Power Demand · 1 stocks
Saipem SpA
0RPI
▲ PositiveDemandrelevance

Won $911M contracts from Eni for subsea and biorefinery projects.

Energy · 1 stocks
Eni S.p.A.
ENI
▲ PositiveCapitalrelevance

Awarded contracts to Saipem for its Ivory Coast and biorefinery projects, advancing its operations.

Off-coverage companies 2

Eni Côte d'IvoirePrivate▲ Positive
Demandrelevance

Awarded contract for Baleine field development phase 3, advancing its project.

EnilivePrivate▲ Positive
Capitalrelevance

Awarded EPC contract for deoxygenation unit at Venice biorefinery, expanding capacity.