Saipem to Resume Operations for Black Sea Pipeline
Italian oil contractor Saipem said on Friday it would restart work on an offshore pipeline in the Black Sea after South Stream Transport BV lifted a suspension of the works. Saipem had bagged contracts worth 2.4 billion euros last year mainly to build the first line of the South Stream pipeline from Russia to Bulgaria, but had to suspend work when the project was shelved in the face of objections from the European Union. Saipem is 43 percent owned by oil major Eni. (Reporting by Francesca Landini)
Saipem Wins €400m South Stream Contract
Saipem has been contracted by South Stream Transport B.V. to provide supporting works relating to the construction of the second line of the South Stream Offshore Pipeline for a total value of approximately €400 million. The entire offshore South Stream project consists of four parallel gas pipelines, across the Black Sea from Russia to Bulgaria, each 931 kilometers long, to be laid at depths of up to 2,200 meters. According to this contract Saipem will perform additional supporting works, including engineering, coordination of storage yards, cable crossing preparation, and connecting the
First Line of Baltic Sea Pipe to be Laid by Saipem
Contracts worth around EUR 2-billion for construction of the first of the four offshore lines of the trans-Baltic South Stream gas pipeline have now been signed by South Stream Transport and Saipem, inform Gazprom. Saipem is to build the first offshore line of the South Stream gas pipeline as well as erect process facilities in the shore crossing areas, and construct the landfalls. Pipes will be welded together on board a special pipe-laying vessel and then laid in position on the seabed at a depth of up to 2,200 meters.
South Stream Transport Readies for Black Sea Offshore Pipeline Lay
Holland's South Stream Transport has signed an option agreement with the Bulgarian ports of Varna and Burgas for the storage and handling of pipe segments in Black Sea coastal 'marshalling yards prior to commencement of the huge project. The South Stream Offshore Pipeline will consist of four parallel pipelines through the Black Sea, each made up of over 75,000 pipe segments. The pipes will be stored in so-called marshalling yards at harbours on the shore in Bulgaria, and shipped to specialized pipe-laying vessels when construction starts in 2014. The Port of Burgas and the Port of Varna
February 2026
