Saipem wins offshore EPCI contract in the Middle East worth about $1.8 billion

Saipem has been awarded an offshore engineering, procurement, construction and installation (EPCI) contract in the Middle East valued at approximately USD 1.8 billion, the company announced on 12 August 2026.

The scope covers the EPCI of offshore and subsea facilities. Saipem said the project will draw on its regional track record in pipeline and offshore infrastructure, its regional vessels and its engineering capabilities. The release does not identify the client, the country or the field.

Sources

Saipem awarded an offshore contract in the Middle East worth approximately 1.8 billion USDCompany releaseSaipemPublished 12 August 2026Read 23 October 2026

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