San Donato Milanese (Milan), 16 December 2011 –Saipem has been awarded new E&C Offshore contracts in South America worth approximately $600 million.

In Brazil, Saipem has been awarded an EPIC contract by Petrobras for the development of the gas export pipeline Lula NE - Cernambi, in the Santos Basin Pre-Salt Region, approximately 270 kilometres off the coast of the State of São Paulo.

The development encompasses the engineering, procurement, fabrication and installation of a gas export pipeline 18 inches in diameter and 19 kilometres long, and related subsea equipment, which will be laid in a maximum water depth of 2,200 metres. The pipeline will connect the field of Cernambi to a Central Manifold in the field of Lula.

The majority of the offshore activities will be performed by the deepwater field development ship Saipem FDS 2 during the second half of 2013. This is the third export flow line from the new Pre-Salt FPSOs (after Guara and Lula NE) and the third to be installed by the Saipem FDS 2. The technology of the FDS 2 installation vessel, and specifically its powerful J-Lay capacity, is ideally suited to the installation of the ultra-deep water pipelines and flow lines of the Pre-Salt fields in Brazil.

AUSTIN, TEXAS (December 1, 2011)-- Emerson Process Management has been selected to provide the process automation system for Yunnann Chihong Zinc & Germanium Co., Ltd.’s Yunnan Huize lead and zinc processing plant. The plant in Yunnan Province, China, produces 100,000 tons of zinc and 60,000 tons of lead per year, and the company plans to expand smelting capacity to 1,000,000 tons in the next five years.

Emerson will provide a state-of-the-art control solution that includes its DeltaV™ digital automation system with DeltaV S-Series hardware, AMS Suite asset management software, and smart field devices using Foundation fieldbus and IEC 62591 (WirelessHART®) communications technology. AMS Suite will provide predictive field diagnostics to enable early detection of potential issues and proactive maintenance planning.

“We have established a strong working relationship with Yunnan Chihong Zn & Ge over the past several years, and this project moves us a step further in laying a solid foundation for strategic partnership.” said SweeChee Lee, Vice President & General Manager, Emerson Process Management China.

Chiyoda Corporation together with JGC Corporation and Inelectra SACA (Venezuelan Engineering company) has been awarded a contract for the detail engineering, procurement, support and construction management services, associated with constructing heavy crude oil upgrading facilities in the Puerto La Cruz Oil refinery by PDVSA Petroleo, S.A.

The Puerta La Cruz Oil refinery is located about 300 km east of Caracas, the Venezuelan capital. The cost-reimbursable contract calls for the construction of heavy crude oil upgrading facilities with a capacity of 210,000 b/d. The facilities will be first in the world to commercially employ the HDH Plus heavy crude oil cracking process technology, which was developed independently by PDVSA The Puerto La Cruz refinery currently specializes in light crude oil products, and addition of heavy crude oil facilities is expected to bring a large increase in revenue a well enabling more efficient use of non-renewable petroleum resources, making this project a significant asset to the Venezuelan economy.