Saipem, in consortium with two affiliates of the State Oil Company of the Azerbaijan Republic (SOCAR), has been awarded three offshore contracts with a total value of approximately $700 million for BP’s Shah Deniz Compression Project in the Caspian Sea. Saipem’s share amounts to about $600 million, the company announced. Under the new contracts, Saipem will be responsible for the transportation and installation (T&I) of a new 19,000-ton compression platform, as well as the engineering, procurement, constr ...