
Shipbuilding
Saipem Secures USD 2 Billion Contract for Kutei FPSO
Saipem, through its subsidiary PT Saipem Indonesia, has secured a contract valued at approximately USD 2 billion for the engineering, procurement, construction, and installation (EPCI) of an FPSO unit for the Kutei North Hub project in East Kalimantan, Indonesia. The contract was awarded by Eni North Ganal, controlled by Searah. The execution will last 48 months and includes management, engineering, fabrication, construction, installation, and commissioning.























