Saipem lands $2bn Indonesia FPSO contract

Saipem Italian energy services contractor Saipem, in joint venture with PT Tripatra Engineers and Constructors, has been awarded a contract for the engineering, procurement, construction and installation (EPCI) of an FPSO for Eni’s Kutei North Hub Field Development Project. The contract was awarded by Eni North Ganal, a company controlled by Searah, the business combination company established by Eni and Petronas, to Saipem’s Indonesian arm, PT Saipem Indonesia. The project execution, with an estimated duration of 48 months, includes project management, detailed engineering, procurement of materials, fabrication, construction and installation activities, as well as commissioning and start-up of the FPSO unit. Saipem’s share of the contract is valued at approximately $2bn. The Kutei FPSO project is part of the Kutei North Hub Development, located in the Kutei Basin, East Kalimantan, Indonesia, which comprises a subsea development tied back to a new FPSO, a dedicated gas export pipeline to the Bontang LNG Plant and domestic gas users via the existing East Kalimantan System. Bojan Lepic Bojan is an English language professor turned journalist with years of experience covering the energy industry with a focus on the oil, gas, and LNG industries as well as reporting on the rise of the energy transition. Previously, he had written for Navingo media group titles including Offshore Energy Today and LNG World News. Before joining Splash, Bojan worked as an editor for Rigzone online magazine. Read Next July 7, 2026 Heidmar buys Dutch shipmanager Q-Shipping July 7, 2026 Wind-powered hydrogen ships line up $500m rollout July 7, 2026 DOF bags APAC subsea construction deal July 7, 2026 Offshore wind wake effect sparks legal clash in the UK July 7, 2026 Polaris adds tonnage from Global Car Carriers Back to top button