Saipem has been awarded the Blue Stream project by BSPC B.V., which is a joint-venture between Gazprom and Snam, in November '99. The award was preceded by more than one year of intensive technical evaluations and negotiations. The Blue Stream project is undoubtedly one of the most challenging project of its type ever attempted because of the difficulties in terms of design, construction, organisation and logistics. The award of the project is based on a turn-key lump-sum project and will be carried out by Saipem as a leader of a consortium of contractors consisting of Saipem, Bouygues Offshore (Bos), Japanese Consortium (Mitsui, Sumitomo, Itochu). The Saipem portion of the work is relevant to the design, procurement, construction and pre-commissioning of 2 nos. 24" ND x 31.8 mm pipelines between Russia and Turkey in the Black Sea and will reach the max. water depth of approx. 2,200 m. The Bos portion of the works is relevant to the design, procurement, construction and commissioning of the compressor station. The Japanese Consortium scope of the work consists of production and supply of 24" O.D. x 31.8 mm pipelines inclusive of internal and external coatings.

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