Saipem has been awarded a new offshore contract by Turkish Petroleum OTC for further activities within the the extension of the third phase of the project for the development of the Sakarya gas field in the Turkish Black Sea sector. The The value of the contract is approximately $425 million. The activities assigned to Saipem include engineering, Procurement, Construction and Installation (EPCI) of three additional pipelines, for a total of about 153 kilometers, with related underwater structures, which will connect the new reserve of natural gas recently discovered in the Goktepe field at the Sakarya Phase 3 Works. The Goktepe field is located at a depth of 2,200 meters and at a distance of about 80 kilometers from the Sakarya field phase 3. The new infrastructure will allow an increase in production resulting from the development of the deposit.

The new contract, lasting about two and a half years, will be managed in continuity with the one signed last September for the third phase of the development of the Sakarya camp. The campaign offshore will be conducted in the second half of 2027 from Saipem's pipe-laying vessel Castorone .

In addition, Saipem has been awarded two offshore contracts in Saudi Arabia, called Contract Release Purchase Orders (CRPO), as part of the long-term agreement in place with Aramco. The first contract (CRPO 162), with a duration of 32 months, includes engineering, procurement, construction and installation (EPCI) of approximately 34 kilometers of pipelines, with diameters of 20" and 30", and the related work on topside structures at the Berri and Abu Safah oil fields. The second contract (CRPO 165), lasting 12 months, includes submarine interventions at the Marjan field and engineering activities, procurement and construction (EPC) of 300 meters of pipelines onshore and related connections. For offshore operations, Saipem will use its naval means currently employees in the region. Manufacturing activities related to the projects will be carried out at the construction site of Saudi Manufacture of Saipem, Saipem Taqa Al-Rushaid Fabricators Co. Ltd., in Dammam, with the aim of increasing and developing the capacity of local industry.