Italian energy services provider Saipem has secured a new offshore contract, valued at approximately $2bn (€1.8bn), for the development of an oil and gas field in Saudi Arabia. This contract, which is part of the long-term agreement with Saudi Aramco and follows the completion of the bidding procedure,

Italian offshore energy services firm Saipem has secured a new offshore contract, under the existing Long-Term Agreement (LTA) with Saudi

Italian energy engineering group Saipem said on Wednesday it had won an offshore contract worth around $2 billion for the development of the Marjan oil field in Saudi Arabia.

Saipem secures new $2B offshore contract in Saudi Arabia for Marjan field development, adding to existing agreements with Saudi Aramco and QatarEnergy.