Italian engineering company Saipem, in partnership with Offshore Oil Engineering Co. Ltd. (COOEC), has been awarded a major offshore EPCI contract by QatarEnergy LNG, valued at approximately USD 3.1 billion. The agreement, announced on December 21, 2025, is part of the COMP5 package for the North Field Production Sustainability (NFPS) Offshore Compression Complexes project, with a total contract value of approximately USD 4 billion.

Project Scope and Technical Specifications

The five-year contract encompasses the engineering, procurement, fabrication, and installation of two comprehensive compression complexes. Each complex will include a compression platform, a living quarter platform, a flare platform supporting the gas combustion system, and interconnecting bridges. The massive scale of the project is reflected in the weight specifications, with each complex totaling approximately 68,000 tons.

Offshore installation operations are scheduled to be carried out by Saipem's De He construction vessel, with work planned for approximately 2029 and 2030. The COMP5 package represents a significant engineering undertaking as part of Qatar's strategy to maintain and increase production capacity at the North Field.

Strategic Importance of North Field Operations

The NFPS project forms a crucial component of QatarEnergy LNG's broader strategy to sustain and enhance production capabilities at the North Field. This facility holds the distinction of being the world's largest “non-associated” natural gas field and is strategically positioned off the north-eastern coast of Qatar. The compression complexes are designed to support the long-term viability and expanded output of this critical energy infrastructure, reinforcing Qatar's position as a major global liquefied natural gas supplier.

Expanding Partnership with QatarEnergy

This latest contract award builds upon Saipem's established relationship with QatarEnergy LNG through previous project engagements. The company has previously secured the EPCI COMP2 and COMP3 packages, which were awarded in October 2022 and September 2024, respectively, and are currently under execution.

The COMP5 package award consolidates Saipem's ongoing collaboration with QatarEnergy LNG and strengthens the company's operational presence in Qatar as a partner for executing complex, large-scale energy projects. This continued partnership demonstrates the client's confidence in Saipem's technical capabilities and project delivery record.

Saipem's Global Operations and Capabilities

Saipem operates as a global leader in engineering and construction of major projects across the energy and infrastructure sectors, handling both offshore and onshore developments. The company is organized into several business lines: Asset-Based Services, Drilling, Energy Carriers, Offshore Wind, and Sustainable Infrastructures. The company's substantial infrastructure includes five fabrication yards and an offshore fleet comprising 17 construction vessels owned by the company and 12 drilling rigs, nine of which are owned.

Saipem maintains operations in more than 50 countries worldwide and employs approximately 30,000 people representing over 130 nationalities. The company trades on the Milan Stock Exchange and positions itself as being oriented towards technological innovation, with a stated purpose of “Engineering for a sustainable future.” Saipem has committed to supporting clients on the energy transition pathway towards Net Zero through increasingly digital means, technologies, and processes designed for environmental sustainability.

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