Luanda – Saipem has been awarded contracts for the extension of leasing and upgrading works of the Cidade de Vitoria FPSO (Floating Production Storage and Offloading vessel) in Brazil. The company has also been awarded a lease extension and operation contract for the Gimboa FPSO in Angola. These contracts are worth in total approximately 600 million dollars. The modification works that Saipem will carry out on the vessel are valued at approximately 110 million dollars. The works will increase the produced water treatment capacity and allow the connection of two additional gas wells with a high level of condensates by the first quarter of 2016. The contract is extended to the first quarter of 2017 and the two-year extension has a value of approximately $150 million. (9colonne)
