Saipem

Saipem has been contracted by South Stream Transport to provide support work for construction of the second line of the South Stream Offshore Pipeline. The contract is worth USD 554 million. Saipem will also perform further support work, including engineering, coordination of storage yards, cable-crossing preparation, and connection of the offshore pipeline to the landfall sections through tie-ins. The construction related to the second line is expected to be completed by the end of 2016. The offshore section of the South Stream gas pipeline will consist of four parallel lines—each longer than 930 km—across the Black Sea from the Russian coast to the port of Varna in Bulgaria.


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