Azerbaijan, Baku, Dec. 16 / Trend E. Ismayilov /
The Italian service company Saipem has received new contracts for 2011-2014 to the amount of $ 700 million, a report said.
In particular, new contracts cover the operations to be conducted in the Gulf of Mexico, Kazakhstan and the North Sea and Azerbaijan. New contracts also envisage an increase in the amount of work within the existing offshore contracts.
The company Saipem is a subsidiary of Italian oil company Eni.
Eni is a shareholder of the Baku-Tbilisi-Ceyhan oil pipeline in Azerbaijan. The oil, produced in the block of offshore fields Azeri-Chirag-Guneshli in the Azerbaijani sector of the Caspian Sea, is transported via it.
The BТС's total length is 1.768 kilometers including a 443-kilometer section running via Azerbaijan, a 249-kilometer section traversing Georgia and a 1.076-kilometer section passing through Turkey. The pipeline's construction began in April 2003. First oil was marked May 18, 2005.
BTC Co. shareholders include: BP (30.1 percent); AzBTC (25 percent); Chevron (8.90 percent); Statoil Hydro (8.71 percent); ТРАО (6.53 percent); Eni (5 percent); Total (5 percent); Itochu (3.40 percent); Inpex (2.50 percent); ConocoPhillips (2.50 percent) and Amerada Hess (2.36 percent).