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	6/14/2011 - SAIPEM SECURES OVER $1BN IN NEW E&C OFFSHORE CONTRACTS
Saipem has been awarded new E&C offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of $1 billion. In Egypt, Burullus Gas Company awarded Saipem the EPIC contract for new subsea developments in the area of the West Delta Deep Marine Concession, located about 90 km offshore the Northwest Nile delta, at water depths between 1312 FSW and 3,280 FSW (400 MSW and 1,000 MSW). The development encompasses the engineering, procurement, construction and installation of a total of seven new subsea wellheads and relevant infrastructures, umbilicals and flowlines. Saipem has already carried out two earlier phases of the West Delta Deep Marine Concession’s subsea development. The work will be connected to existing infrastructure. The offshore activities will be carried out mainly using the SAIPEM FDS. Saipem has also been awarded contracts to operate in the Norwegian and British sectors of the North Sea, mainly relevant to the deployment of the SAIPEM 7000 vessel for platform transportation and installation, and to the deployment of the CASTORO 7 vessel for the installation of subsea pipeline and structures. Among these contracts, some are EPIC and, in addition to the activities mentioned above, include engineering and procurement phases. Offshore activities will be performed in different periods during summer 2012 and 2013. In Russia, Caspian Pipeline Consortium (CPC) awarded Saipem the contract for the expansion of the structures relevant to the CPC marine export terminal, near Yuhznaya Ozereyevka on the Black Sea shores in the Krasnodar region of the Russian Federation. The development includes the engineering, procurement and installation of a new offshore export pipeline for hydrocarbon transportation which will have a diameter of 42 inches and a length of about 5 km and for the installation of a new offshore mooring system for hydrocarbon export. Offshore activities will be carried out during the second half of 2012 by the S355 vessel.

Other Briefs in this Issue

	6/14/2011 - SAIPEM SECURES OVER $1BN IN NEW E&C OFFSHORE CONTRACTS (Egypt/North Sea/Russia)

	6/14/2011 - GE OIL & GAS INKS $30MM FRAME AGREEMENT WITH SHELL BRASIL (Brazil)

	6/13/2011 - EXXONMOBIL STRIKES PAY IN KEATHLEY CANYON BLOCK 919 (GoM)

	6/13/2011 - MCDERMOTT TO SUPPLY COMPRESSOR MODULE TO HIBISCUS FIELD (Trinidad and Tobago)

	6/13/2011 - SHELL FINALIZES INVESTMENT DECISION FOR CARDAMOM DEVELOPMENT (GoM)

	6/13/2011 - BHP BILLITON COMMENCES PRODUCTION FROM NEW SHENZI WELL (GoM)

	6/13/2011 - PETROBRAS STRIKES PAY ON BRIGADEIRO PROSPECT (Brazil)

	6/13/2011 - SURF SUBSEA COMPLETES INSTALLATION OF SUBSEA TREE FOR LLOG (GoM)

	6/13/2011 - ENTEK UPDATES RESULTS OF WELL VR 342 (GoM)

	6/13/2011 - STATOIL FARMS INTO KAKUNA PROSPECT (GoM)

	6/13/2011 - BAKER HUGHES LAUNCHES NEW STIMULATION VESSEL (Houston)

	6/13/2011 - TGS TO CONDUCT GREENLAND SURVEY DURING Q2 2011 (Greenland)

	6/13/2011 - BLAKE SECURES THREE-WELL CONTRACT FOR BLAKE RIG 1006 (GoM)

	6/13/2011 - US TO OFFER ONE-YEAR DEEPWATER LEASE EXTENSIONS (GoM)

	6/13/2011 - PEMEX TAPS BLAKE INTERNATIONAL FOR TWO PLATFORM RIGS (Mexico)

	6/13/2011 - HESS’ PARADISE-1 EXPLORATION WELL HITS OIL, GAS CONDENSATE PAY (Ghana)

	6/13/2011 - NOBLE ACQUIRES STAKE IN AGC PROFOND BLOCK (Senegal/Guinea-Bissau)

	6/13/2011 - STATOIL TAPS FMC TECHNOLOGIES FOR VISUND NORD SUBSEA EQUIPMENT (Norway)

	6/13/2011 - NORWAY APPROVES VISUND SOUTH PDO (Norway)

	6/13/2011 - TOTAL BEGINS EKOFISK SOUTH, ELDFISK II DEVELOPMENTS (Norway)

	6/13/2011 - STATOIL MULLS TIE-IN FOR WELL 34/10-53A (Norway)

	6/13/2011 - STEP OFFSHORE TO DELIVER CRI SYSTEM TO MAERSK REACHER (Norway)

	6/13/2011 - SEARCH SEISMIC COMMENCES BJORNOYA BASIN NORTH SURVEY (Norway)

	6/13/2011 - STATOIL TO ADVANCE WITH VALEMON DEVELOPMENT AFTER PDO APPROVAL (Norway)

	6/13/2011 - NPD GREENLIGHTS LUNDIN’S WELL 16/2-7 (Norway)

	6/13/2011 - PROVIDENCE COMMENCES 3D SEISMIC ACQUISITION IN NORTH CELTIC SEA (Celtic)

	6/13/2011 - TGS BEGINS 3D SURVEY OVER NORTH VIKING GRABEN (Norway)

	6/13/2011 - STATOIL EXTENDS CONTRACT WITH AGR FIELD OPERATIONS (Norway)

	6/13/2011 - SUBSEA 7 SECURES AWARD OF KUMANG CLUSTER PROJECT (Malaysia)

	6/13/2011 - SANTOS FARMS INTO TWO CARNERVON BASIN PERMITS (Australia)

	6/13/2011 - NIDO DRILLS AHEAD WITH GINDARA-1 (The Philippines)

	6/13/2011 - KEPPEL FELS TO BUILD NEW JACKUP FOR SEADRILL (Singapore)

	6/13/2011 - Thailand: COASTAL DRILLS SUCCESSFUL APPRAISAL WELL WITH BUA BAN NORTH B-04 (Thailand)

	6/13/2011 - KEPPEL FELS INKS $260MM CONTRACT FOR NEWBUILD FLOATEL (Singapore)

	6/13/2011 - KCA DEUTAG INKS FEED CONTRACT FOR BROWSE LNG PROJECT (Australia)

	6/13/2011 - OTTO LAUNCHES SURVEY OVER BLOCK SC 69 OFFSHORE THE PHILIPPINES (The Philippines)

	6/13/2011 - KEPPEL MOVES AHEAD WITH FPSO ARMADA TGT 1 (Vietnam)

	6/13/2011 - PEOPLE ON THE MOVE (Singapore)

	6/13/2011 - SEADRILL SECURES NEW CONTRACT FOR OFFSHORE RESOLUTE (Bangladesh)