On July 12, 2024, Saipem announced the signing of a significant framework agreement with BP to support offshore activities in Azerbaijan. The agreement will see Saipem leveraging their extensive expertise to assist BP with engineering, procurement, construction, and installation (EPCI) services.
This collaboration focuses on bolstering BP’s operations in the Caspian Sea, a region crucial for hydrocarbon extraction. The agreement outlines a long-term partnership, ensuring that Saipem will provide continuous support, maintenance, and development of BP’s offshore infrastructure.
Saipem’s involvement includes a broad range of services aimed at enhancing BP’s efficiency and operational capacity in the challenging offshore environment of Azerbaijan. This partnership underscores the mutual commitment to safety, technological innovation, and sustainability in the energy sector.
The framework agreement is a testament to Saipem and BP’s shared vision for advancing offshore energy projects and highlights Saipem’s role as a trusted partner in executing complex offshore works. The collaboration is poised to deliver substantial benefits, contributing to the stability and growth of Azerbaijan’s offshore oil and gas industry.
