Core Insights - Saipem has secured a $1.5 billion contract for the third phase of the Sakarya gas field development project in Türkiye, which is the largest offshore natural gas discovery in the country [1][3] Group 1: Contract Details - The contract includes engineering, procurement, construction, and installation (EPCI) of eight rigid flowlines and a 24-inch diameter gas export pipeline measuring approximately 183 km [2] - The pipeline will connect the offshore field at a maximum depth of 2,200 meters to an onshore facility in Filyos on the Turkish Black Sea coast [2] - The contract is expected to last around three years, with offshore operations scheduled for 2027 using Saipem's Castorone pipelay vessel [2] Group 2: Project Background - Saipem has previously completed the first phase of the Sakarya project in 2021 and was awarded the second phase in 2023, which is nearing completion [3] - The second phase includes the EPCI of a 16-inch pipeline spanning 175 km in the Turkish Black Sea [3] - This new contract reinforces Saipem's established presence in Turkey and its role in enhancing the nation's energy autonomy [3] Group 3: Related Developments - In July, Aker BP extended its agreement with Saipem for the semi-submersible drilling rig Scarabeo 8 until December 31, 2027, reinforcing the partnership between the two companies [4]

Core Viewpoint - Perenco has achieved a record oil production of 90,000 barrels per day in Cameroon, solidifying its position as a leading oil and gas operator in the country [1] Group 1: Production and Operations - Perenco's oil and gas production is evenly split between natural gas and oil, contributing to its operational success [1] - The company operates under production-sharing contracts and manages a diversified portfolio of oil assets, allowing significant control over operations and production optimization [1] - Perenco holds various stakes in key offshore blocks in Cameroon, including 25.5% in blocks C-11 to C-18, 40% in block C-24, and 75% in blocks AEE-38 and AEE-42, which directly influences its production capacity [1] Group 2: Economic and Social Impact - Perenco's operations have significantly contributed to Cameroon’s economy, including the establishment of a power plant that provides 15% of the national electricity supply [2] - The company launched a groundbreaking liquefied natural gas project, marking Cameroon as a player in the LNG export market and enhancing the country's energy profile [2] - A 20-year gas contract signed in 2022 aims to create hundreds of jobs and strengthen local industrial structures, while reducing LPG imports by 25% and increasing energy independence [2]