Saipem Wins Major Offshore Contract for Marjan Field in Saudi Arabia [Yahoo! Finance]
Pedevco Corp. (PED)
NASDAQ:AMEX Investor Relations:
pacificenergydevelopment.com
Company Research
Source: Yahoo! Finance
Saipem S.p.A SAPMF, an Italian engineering and construction services company, has secured a major offshore contract from Saudi Aramco. The contract, worth approximately $2 billion, falls under the existing Long-Term Agreement (LTA) between Saipem and Aramco. The contract covers the development of the Marjan field in Saudi Arabia. The Marjan oil and gas field is located off the East Coast of Saudi Arabia. Saipem had previously secured a contract from Saudi Aramcothat involved the installation of subsea infrastructures at the Marjan, Zuluf and Safaniyah oil fields. Details of the Contract The work for the Marjan field development includes the engineering, procurement, construction and installation of topsides and jackets for the wellhead platform. Saipem is also responsible for the installation of jacket and topside for the tie-in platform. Further, the scope of work outlines the installation of rigid flowlines for the transportation of oil and gas, as well as the laying of subma
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News
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PED
Earnings
- 8/14/24 - In-Line
PED
Sec Filings
- 10/1/24 - Form 8-K
- 9/23/24 - Form EFFECT
- 9/12/24 - Form 8-K
- PED's page on the SEC website