Saipem Wins $1 Billion Contract for Canadian Oil Sands Project
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Saipem SpA, Europe’s largest oil- field service provider, won an onshore contract worth about C$1 billion ($1 billion) for the Sunrise Energy Project in Canada.
The contract is for the engineering, procurement and construction of two plants that will produce a total of 60,000 barrels per day of bitumen, Milan-based Saipem said today in a stock exchange statement.