Italian oilfield services firm Saipem (OTCPK:SAPMY, OTCPK:SAPMF) confirms a $1B-plus award of two contracts with Saudi Aramco covering developments at a trio of offshore fields in Saudi Arabia.
Saipem says it will provide and install subsea systems, pipelines, subsea cables and umbilicals, platform decks and jackets, plus additional maintenance and dismantling works on existing platforms already operating in the fields.
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