A Review of the Nigerian Energy Industry

Saipem secures $650m deals in Nigeria, Canada

21 September 2011, Sweetcrude, Lagos- Italian engineering company, Saipem, has been awarded $650 million worth of new onshore contracts in Nigeria and Canada.

Saipem secured an engineering, procurement and construction contract at the Independent Power Plant at Nigeria’s Afam power plant in Rivers State.

The Rivers State government has contracted the company for services on the whole open cycle power plant except for a supplied gas turbine in an 18-month project.

Saipem said the project would be fully developed within Nigeria as part of its commitment to a strong presence in the west African country.

In Canada, the Canadian Natural Resources has contracted Saipem for engineering, procurement and construction at the Horizon Oil Sands Project in Athabasca Oil Sands, Alberta.

The 44-month project will see the company build a secondary upgrader at the site made up of three hydrotreaters which will have a production capacity of 42,599 barrels per stream day of hydrotreated gas oil.

After a phased development, the Horizon Oil Sands Project aims to develop oil sands resources to produce a total of 250,000 barrels per calendar day of synthetic oil.

The project is sited on the Canadian Natural Oil Sands Lease, about 70 kilometres north of Fort McMurray, with Canadian Natural Resources holding 100% ownership and working interest.

Headquartered in Milan, Saipem provides engineering, construction and drilling services to the oil and gas industry for both onshore and offshore, with major projects in more than 100 countries.

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