Saipem secures two Offshore CRPOS from Aramco for Safaniya field work

Saipem has received two contract release purchase orders under its long-term agreement with Aramco for EPCI work at the Safaniya oil field, including water injection platforms, wellheads, pipelines, and subsea facilities.

Saipem has been awarded two contract release purchase orders (CRPOs) under its existing long-term agreement with Aramco, according to official disclosures.

The first contract (CRPO 154) covers engineering, procurement, construction, and installation (EPCI) of a water injection tie-in platform, two water injection wellheads, approximately 5 km of 24-inch pipeline, and around 15 km of 15kV cables at the Safaniya field. The second (CRPO 155) involves EPCI for four water injection wellheads and associated subsea facilities at the same field.

This development matters because Safaniya is one of the world’s largest offshore oil fields, and water injection is critical for pressure maintenance and enhanced oil recovery. By executing fabrication at Saipem’s Saudi Fabrication Yard through its joint venture Saipem Taqa Al-Rushaid Fabricators, the contracts support local content requirements under Aramco’s In-Kingdom Total Value Add (IKTVA) program. Industries impacted include offshore oilfield services, subsea engineering, and marine construction.

Regional stakeholders include Saudi Aramco’s upstream division, local fabrication suppliers, and international EPCI contractors competing for Middle East work.

For investors, these awards demonstrate Saipem’s ability to secure repeat orders under master agreements, reducing bidding costs and providing revenue visibility. The use of regionally deployed vessels also improves project margins by minimizing mobilization expenses.

Aramco is Saudi Arabia’s state-owned oil and gas company, the world’s largest exporter of crude oil.

Saipem is an Italian oilfield services company specializing in EPCI for offshore and onshore projects, with significant operations in the Middle East.