Saipem wins $600 mln offshore contracts in Azerbaijan

Italian oilfield services group Saipem (SPMI.MI) said it has been awarded three new offshore contracts in Azerbaijan worth around $600 million.

The contracts, signed in consortium with Bos Shelf and Bos Shelf International FZCO, have a total value of about $700 million, of which Saipem’s share amounts to $600 million.

Offshore activities are scheduled to start in the third quarter of 2026 and are expected to be completed in 2029, the company said.

N.Tebrizli