Italian contractor Saipem has secured a second contract, valued at approximately $425 million, for the third phase of Turkey's Sakarya gas project in the Black Sea. This follows a $1.5 billion award to the company in September for the same development phase.

Scope of the New Contract

The new contract, awarded by the Turkish Petroleum Offshore Technology Center, covers the engineering, procurement, construction, and installation (EPCI) of three pipelines totalling about 153 kilometres and associated subsea structures. The work will connect the recently discovered Goktepe gas field to the Sakarya Phase 3 facilities. Offshore installation is scheduled for the second half of 2027 using Saipem's Castorone pipelay vessel.

Goktepe Field Details

The Goktepe field is located in the Turkish sector of the Black Sea, roughly 80 kilometres from the Sakarya field, in water depths of about 2,200 metres. State-owned Turkish Petroleum estimated in May that the field holds a gas potential of 75 billion cubic metres.

Integration with Previous Contract

This new contract, with a duration of approximately two and a half years, will be managed alongside Saipem's first Phase 3 contract from September. That initial contract involves the EPCI of eight rigid flowlines and a 183-kilometre, 24-inch diameter gas export pipeline. This pipeline will link the field from maximum depths of 2,200 metres to an onshore facility in Filyos on the Turkish coast.

Sakarya Phase 3 Project Overview

The Sakarya Phase 3 development entails a new dedicated floating production unit (FPU) fed by 27 wells in the Sakarya and Amasra fields. These wells will be connected via the new trunkline to the Filyos onshore facility.

Other Recent Contract Awards

The award to Saipem is part of a series of contracts allocated in 2024 for Phase 3 of the project. Other key awards include:

• Baker Hughes (September): Contract to supply subsea production and intelligent completion systems.
• Wison New Energies (September): Engineering, procurement, construction, installation, and commissioning contract to supply the FPU.
• Subsea7 (August): EPCI contract, worth up to $1.25 billion, for the development's subsea umbilical, riser, and flowline system.