QatarEnergy Awards $4 Billion EPCI Contract to Saipem and OOE for North Field Expansion
QatarEnergy LNG has awarded a $4 billion EPCI contract to a consortium of Saipem SpA and Offshore Oil Engineering Co. Ltd. to enhance LNG production capacity at the North Field, the largest non-associated natural gas field globally. Saipem's portion of the contract is approximately $3.1 billion, with the project expected to take about five years and involve the installation of two compression complexes.
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QatarEnergy LNG has awarded a $4 billion Engineering, Procurement, Construction, and Installation (EPCI) contract to a consortium of Saipem SpA and Offshore Oil Engineering Co. Ltd. Saipem's share is approximately $3.1 billion.
This contract aims to maintain and expand LNG production capacity at the North Field, the world's largest non-associated natural gas field, located off Qatar's northeastern coast. The project is set to last about five years and includes the engineering, procurement, fabrication, and installation of two compression complexes.
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