New Wave Media

November 7, 2019

Saipem Wins $100 Mln Pipeline Contract

(Photo: Saipem)

(Photo: Saipem)

Equatorial Guinea has awarded a $90-$100 million contract to build a 70 km subsea pipeline linking the Noble Energy operated Alen Unit to the country's Punta Europa petrochemical hub to Italian firm Saipem , the oil ministry said on Thursday.

The first gas is expected to be delivered from the project early in 2021, said oil minister Gabriel Obiang Lima in a statement.

(Reporting by Wendell Roelf; Editing by Muralikumar Anantharaman)

Noble Energyoil ministrySaipem