May 2014, Vol. 241, No. 5

Projects

Saipem Wins South Stream Pipeline Contract

South Stream Transport B.V. CEO Oleg Aksyutin and Saipem Senior Vice President Stefano Bianchi, have entered into contracts for constructing the first of the four offshore lines of the South Stream gas pipeline. According to the signed contracts worth around EUR 2 billion, Saipem will generate the project documentation, build the first offshore line of the South Stream gas pipeline as well as erect process facilities in the shore crossing areas and construct the landfalls. Plans call for the pipe to be welded onboard a pipe-laying vessel and then installed on the seabed in water depths of up to 2,200 meters. The South Stream gas pipeline will be laid by two Saipem pipe-laying v

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