Saipem-led consortium bags US$1.2 billion EPCI work off Indonesia

Saipem, together with its consortium partner Meindo Elang Indah, has been awarded an offshore engineering, procurement, construction and installation (EPCI) contract by BP Berau.

The EPCI contract is part of an integrated project known as Tangguh UCC Project consisting of the Ubadari field development, enhanced gas recovery through carbon capture, utilisation and storage (EGR/CCUS) and onshore compression, operated by BP Berau and located in Papua Barat Province, Indonesia.

The value of the contract is approximately US$1.2 billion and Saipem's share amounts to approximately US$1 billion.

The Tangguh UCC project encompasses the production of natural gas resources from the Ubadari offshore field and its transportation to the onshore LNG plant, where it will undergo a CO2 separation process. The captured CO2 will then be sent into an offshore platform for re-injection into the reservoir, helping to extract additional natural gas resources.

Saipem’s activities include the EPCI of two wellhead production platforms, a wellhead platform for the re-injection of CO2, and approximately 90 kilometres of associated pipelines. The platforms will be fabricated locally in Saipem's yard in Karimun.