Wednesday, May 04, 2011
Knight Ridder/Tribune Business News
Italian energy giant Eni's oil field services company has been awarded new offshore engineering and construction contracts worth over $1 billion in China and Brazil, Eni said on Tuesday.
Husky Oil China Ltd. awarded Saipem, Europe's biggest oil services company by market value, a contract to drill for gas in the South China Sea.
The work includes the engineering, procurement, construction and installation of pipelines and offshore drilling platforms in 1,500 metres of water depth approximately 300 kilometers south of Hong Kong.
It represents the first offshore field developed in deep water in the South China Sea, the statement said.
In Brazil, state-run oil company Petrobras has awarded Saipem a contract to install gas export pipelines about 260 kilometers off the coasts of the Rio de Janeiro and Sao Paulo States, in water between 2,100 and 2,200 meters deep.
In both countries, the offshore activities will be carried out between 2012 and 2013, Eni said.
Copyright (c) 2011, Adnkronos International, Rome. Distributed by McClatchy-Tribune Information Services.
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