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Saipem wins a $600 million subsea engineering contract from Saudi Aramco, strengthening its market position in the Middle East.
Release time:
2026/01/13
On December 30, 2025, Saipem, Italy’s leading underwater engineering giant, signed two long-term contracts with Saudi Aramco, with a total value of approximately US$600 million. The contracts, spanning 32 months, cover engineering, procurement, construction, and installation (EPCI) services for subsea facilities, further strengthening Saipem’s leading position in the Middle East’s deepwater oil and gas development sector and accelerating the consolidation of the global subsea engineering services market.
On December 30, 2025, Saipem, Italy’s leading underwater engineering giant, signed two long-term contracts with Saudi Aramco, with a total value of approximately USD 600 million. The contracts, spanning 32 months, cover engineering, procurement, construction, and installation (EPCI) services for subsea facilities, further strengthening Saipem’s dominant position in the Middle East’s deepwater oil and gas development sector and accelerating the consolidation of the global subsea engineering services market.
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