Saipem Wins $1 Billion Onshore Contracts in Saudi Arabia, Nigeria
June 27 2012 - 6:01AM
Dow Jones News
By Liam Moloney
ROME--Saipem SpA (SPM.MI), Europe's biggest oil services company
by market value, Wednesday said it had won onshore engineering and
construction projects worth a combined $1 billion in Saudi Arabia
and Nigeria.
In a statement, Saipem said the Saudi deal was for the expansion
of the integrated refinery and petrochemicals complex in the city
of Rabigh on the Western coast.
Saipem, which is controlled by Eni SpA (E), also said it got a
contract for the Otumara-Saghara-Escravos pipeline project by Royal
Dutch Shell PLC (RDSA) in Nigeria.
Write to Liam Moloney at liam.moloney@dowjones.com
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