Saipem has signed a letter of intent for the event of CO2 offshore transportation and storage amenities as a part of the Northern Endurance Partnership (NEP) and Net Zero Teesside Power (NZTP) tasks for the East Coast Cluster within the UK.
Saipem signed a Letter of Intent, obtained by the Northern Endurance Partnership (NEP), a three way partnership between the operator BP, Equinor, and TotalEnergies, and Net Zero Teesside Power (NZT Power), a three way partnership between BP and Equinor.
The remaining award to Saipem is topic to the receipt of related regulatory clearances and constructive Final Investment Decisions (FID) by the tasks and UK authorities, deliberate for September 2024 or earlier.
Saipem’s scope of labor covers the Engineering, Procurement, Construction and Installation (EPCI) of a 28” and roughly 145 Km offshore pipeline with related landfalls and onshore outlet amenities for the NEP venture, and EPCI of the water outfall for the NZTP venture.
The pipeline offshore operations might be carried out by Saipem’s flagship vessel Castorone, and the nearshore operations might be carried out by the Saipem’s shallow water pipelay Castoro 10.
When accomplished, the tasks will serve the East Coast Cluster in Teesside with the transportation and storage of round 4 million tonnes of CO2 per yr from 2027.
This letter of intent consolidates Saipem positioning within the low and nil carbon segments, due to a novel mixture of engineering and know-how know-how, competencies and property alongside the entire Carbon Capture and Storage (CCS) worth chain.
“We are extremely proud to be the selected contractor for the offshore CO2 pipelines and associated facilities of NEP and NZT contracts. Saipem is fully committed to provide the best competences and its flagship vessel Castorone to support NEP and NZTP partnerships and contribute to the realization of the first zero-carbon industrial hub in the North-East of England and the achievement of the UK’s Net Zero targets,” stated Alessandro Puliti, Chief Executive Officer, Saipem.
