Equatorial Guinea awards $100 mln pipeline contract to Saipem

  • Reuters
  • Stock Market News
Equatorial Guinea awards $100 mln pipeline contract to Saipem
Credit: © Reuters.

CAPE TOWN, Nov 7 (Reuters) - Equatorial Guinea has awarded a $90-$100 million contract to build a 70 km subsea pipeline linking the Noble Energy (NYSE: NBL ) NBL.N operated Alen Unit to the country's Punta Europa petrochemical hub to Italian firm Saipem SPMI.MI , the oil ministry said on Thursday.

The first gas is expected to be delivered from the project early in 2021, said oil minister Gabriel Obiang Lima in a statement.

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