bp enlists Saipem for work offshore Azerbaijan on Shah Deniz, Azeri-Chirag-Gunashli fields
(WO) – Saipem announced the signing of a framework agreement between bp Exploration (Caspian Sea) Limited, and a consortium composed of Saipem Contracting Netherlands B.V., BOS Shelf LLC and BOS Shelf International FZCO.
The framework agreement includes the execution of offshore activities in the Azerbaijani waters of the Caspian Sea operating the SCV Khankendi, a state-of-the-art vessel owned by the Shah Deniz consortium and specifically designed for subsea construction.
The overall value of the services is approximately $300 million.
Saipem will operate the vessel and will provide the crew to perform the marine activities for the Shah Deniz and Azeri-Chirag-Gunashli fields, located offshore Azerbaijan. The consortium’s responsibilities include engineering, procurement, construction and installation of subsea infrastructures and life-of-field services.
The agreement, having an initial duration of three years with the possibility of extension for two more, reinforces Saipem’s long-standing relationship with bp and consolidates its presence in an area, where the company has been operating since the late 1990s.
Notably, in 2016, Saipem was already assigned the operational management of the SCV Khankendi for the execution of offshore activities for the Shah Deniz field under a framework agreement signed with bp.
