Italian oil and gas contractor Saipem has agreed to purchase ultra-deepwater, heavy-lift and construction vessel Lewek Constellation for $275m.

The 3000t vessel, which was built in 2013, was previously owned by bankrupt EMAS Chiyoda Subsea.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Saipem said that the vessel is ready to be promoted for commercial opportunities.

The acquired vessel will be marketed in all geographic areas, including the Gulf of Mexico, as well as the North and Norwegian seas where its characteristics are suitable for submarine tie-backs.

Saipem CEO Stefano Cao said: “The Constellation is the latest addition to Saipem world-class fleet that will integrate our offering with Reeling capabilities in order to safely and competitively respond to the needs of the Subsea Tie-Back Market.

“Indeed, in the current economic scenario, the Subsea Tie-Backs developments are becoming increasingly important as they maximise the utilisation of the existing infrastructures at reasonable expenditures.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
“This acquisition is part of our strategy aimed at fostering Saipem Subsea growth.”

“Saipem was only partially participating in this market. The acquisition of the Constellation bridges this gap, expanding the set of future opportunities.”

“This acquisition is part of our strategy aimed at fostering Saipem Subsea growth and will additionally contribute to enhance stronger relationships with our partner in the integrated SURF and SPS segment, and with the clients mostly active in this market.”

The Constellation is currently located in the Gulf of Mexico, near Galveston, US.

The Italian oil and gas contractor added that it will acquire the Constellation by partially utilising the available liquidity.

Saipem provides drilling services, as well as engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil and gas market.