Italian energy services contractor Saipem has been awarded an offshore EPC contract worth $4bn by Qatar’s state-owned company QatarEnergy.

The contract is for work on the North Field Production Sustainability Offshore Compression Program, aimed at sustaining the production of the North Field offshore natural gas reservoir, located offshore the northeast coast of Qatar.

The Qatari firm is aiming for the expansion project to boost the North Field’s LNG output to 142m tonnes per annum (mtpa) from the current 77 mtpa by 2030.

Saipem’s scope of work encompasses the engineering, procurement, fabrication, and installation of six platforms as well as approximately 100 km of corrosion resistance alloy rigid subsea pipelines of 28” and 24” in diameter, 100 km of subsea composite cables, 150 km of fibre optic cables, and several other subsea facilities.

This contract follows the EPC package for the North Field Production Sustainability Offshore Compression Complexes Project awarded to Saipem in October 2022 which is currently being executed. That contract was the company’s largest at the time worth around $4.5bn.

Saipem has been raking in billions this year. The biggest of those deals was a trio of contracts awarded by TotalEnergies with an overall value of around $3.7bn in Angola. That announcement came only days after the company won an $850m deal with Azule Energy in the African country.

Earlier this month, Saudi Aramco awarded the Italian giant two offshore contracts worth around $1bn for work on the Marjan, Zuluf, and Safaniyah fields. This was awarded several months after Saipem won a $500m deal with Saudi Aramco for work on the Abu Safa, Berri, and Manifa fields.