SPM Saipem Spa

By Giovanni Legorano

MILAN--Saipem SpA (SPM.MI) said Tuesday it was awarded a contract worth $3 billion for the subsea development of the Egina field in Nigeria.

The company said that it signed the contract with Total Upstream Nigeria Ltd.

It added that the scope of the work includes engineering, procurement, fabrication, installation and pre-commissioning of 52 kilometers of gas export pipelines, 80 kilometers of umbilicals and of the mooring and offloading systems.

Write to Giovanni Legorano at giovanni.legorano@dowjones.com

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