Italian engineering services provider Saipem SpA (SPM.MI) Monday said it has secured more than $1.1 billion worth of contracts in Russia and the North Sea.

 
   MAIN FACTS:

-Saipem said in a statement it had signed a contract with a Lukoil Holdings (LKOH.RS) subsidiary to build two pipelines connecting the riser block in the Vladimir Filanovsky offshore field in the Caspian Sea to onshore valves located up to 20 kilometers from the coast.

-It said it had also obtained contracts from several clients in the North Sea, including oil and gas pipelines off the Danish coast.

-By Gilles Castonguay, Dow Jones Newswires; +39 02 5821 9908; gilles.castonguay@dowjones.com; Twitter: @GRCastonguay

Saipem (BIT:SPM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Saipem Charts.
Saipem (BIT:SPM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Saipem Charts.