Saipem wins $4-B contract from QatarEnergy for North Field expansion to fuel LNG expansion

Italian energy engineering group Saipem said it had won an offshore contract worth $4 B from QatarEnergy. The contract will help boost production at QatarEnergy's North Field offshore natural gas field, which lies off the northeastern coast of Qatar. 

Earlier this year, Qatar announced an expansion project to boost the North Field's LNG output to 142 MMtpy from the current 77 MMtpy by 2030. The Italian group said this month it had won two offshore contracts in Saudi Arabia worth about $1 billion in total, under an existing long-term agreement with oil giant Saudi Aramco.