Saipem’s onshore E&C acquisitions worth 350M

23 October 2017

Saipem has been awarded a new contract in the Onshore E&C segment for engineering, procurement, construction and commissioning in the framework of the development of a desalination and water transportation plant for the “Spence Growth Options (SGO)” project in the north Chile. The project will supply fresh water for a 20-year period to “Spence” copper mine owned by Minera Spence, a wholly owned subsidiary of BHP.

The contract was assigned by Caitan S.p.A., a special purpose entity created by Mitsui & Co., Ltd and Técnicas de Desalinazación de Aguas S.A. for desalination and conveyance services to be provided to Minera Spence.

Saipem’s scope of work will include the construction of a 155 km system of 36” diameter pipelines for the transportation of water from the desalination plant to the “Spence” mine situated 1,710 metres above sea level. The scope of work includes the construction along the route of 3 pumping stations and associated systems of control and maintenance.

The combined value of the new contracts is approximately USD 350M.