Saipem has received by Qatargas the confirmation of the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project (“EPCO” package), the award of which was communicated on February 22nd, 2021. 

The additional scope of work of the two options is worth approximately 350 million USD and is related to rerouting of the hydrocarbons from existing wellhead platform through the new facilities, due to existing pipeline being decommissioned.

The activities to be carried out comprise the construction of two additional riser platforms, two additional connecting bridges with existing wellhead platforms, two corrosion resistant carbon steel cladded intra-field pipelines with a length of 13 km overall and decommissioning of existing pipeline. 

Works associated with the exercise of the options will be fully integrated with the project activities of two contract awards announced earlier this year, the North Field Production Sustainability Offshore and the North Field Production Sustainability Pipeline, which are both part of the strategic development of the North Field production plateau.

This commercial achievement is a further proof of trust on Saipem by its key client, Qatargas. Saipem is already working actively on project engineering and site preparation activities and it’s looking forward to progress further, by leveraging its competences, assets and technology.

NORTH FIELD​

​In 1971, when exploration engineers discovered natural gas off Qatar's northeast coast, no one knew quite how important the find was. Only after 15 appraisal wells had been drilled over a period of 14 years was it established that Qatar's North Field was the largest non-associated natural gas field in the​ world, with recoverable reserves of more than 900 trillion standard cubic feet (tscf), or approximately 10% of the world's known reserves.​

This makes Qatar the world's largest holder of proven gas reserves after Russia and Iran. The North Field will supply gas to fulfil multiple large-scale renewable gas sales contracts for many decades to come.  ​​​

​​The North Field lies off the north-east shore of the Qatar peninsula and covers an area of more than 6,000 square kilometres, equivalent to about half the land area of the State of Qatar.​​

The development of this major natural resource has been a significant factor in Qatar's economic growth. The gas produced from this giant field is processed to produce LNG, GTL, NGL, and other gas-related industries, in addition to pipeline gas for export.​​

KeyFacts Energy:   Qatargas Qatar country profile   l   KeyFacts Energy Industry Directory: Saipem