Saipem Deny Manifa Contract Cancellation

Source: www.gulfoilandgas.com 11/21/2008, Location: Middle East

With reference to the rumours about a supposed cancellation of the GOSP Manifa contract awarded in July to Saipem by Saudi Aramco, Saipem clarifies what follows: the contract has not been cancelled at the moment. Saudi Aramco has required not to undertake further commitments towards suppliers/subcontractors while waiting the results of an analysis aimed at cost optimization.


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