Saipem and COOEC win $4 billion QatarEnergy LNG offshore compression contract

Saipem, with partner COOEC, won the EPCI contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 5) from QatarEnergy LNG, worth about $4 billion overall with Saipem's share around $3.1 billion, over roughly five years.

“The EPCI contract for the North Field Production Sustainability Offshore Compression Project (NFPS COMP 5) package has an overall value of approximately $4 billion”offshore-energy.biz

• 1 source
• offshore-energy.bizSaipem and COOEC rake in $4 billion for work at QatarEnergy’s giant offshore gas field - Offshore EnergyDec 22, 2025

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