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]