Italian contracting giant Saipem has scooped a second contract for the third phase of the Sakarya gas project offshore Turkey following a $1.5 billion award in September.

Turkish Petroleum Offshore Technology Center has awarded Saipem the engineering, procurement, construction and installation (EPCI) contract for three pipelines — totalling approximately 153 kilometres — and associated subsea structures to connect the recently discovered reservoir at the Goktepe field to Sakarya Phase 3 facilities, the Italian company said in a statement on Wednesday

The value of the contract is approximately $425 million.

The offshore installation work will be carried out by Saipem's Castorone pipelay vessel in the second half of 2027, the company said.

The Goktepe field is located in the Turkish sector of the Black Sea, approximately 80 kilometres from the Sakarya field, in water depths of about 2200 metres.

State-owned Turkish Petroleum in May estimated that the Goktepe field has a gas potential of 75 billion cubic metres, citing geological and reservoir engineering assessments.

The new Saipem contract, which has a duration of approximately two and a half years, will be managed alongside a first contract for the Sakarya Phase 3 development inked in September.

That contract encompasses the EPCI for eight rigid flowlines and a 24-inch diameter gas export pipeline, around 183 kilometres long, linking the field at maximum water depths of 2200 metres, to an onshore facility in Filyos on the Turkish Black Sea coast

Sakarya's third phase project entails a new dedicated floating production unit, fed by 27 wells in the Sakarya and Amasra fields, connected by the new trunkline to the Filyos facility.

The award to Saipem is the latest in a string of contracts allocated this year to international companies for Phase 3 of the project.

Baker Hughes in September revealed it will supply subsea production and intelligent completion systems for the project, while China's Wison New Energies in the same month confirmed the award of an engineering, procurement, construction, installation and commissioning contract to supply the FPU.

In August, Subsea7 announced it had been awarded the EPCI contract to build out the development’s subsea umbilical, riser and flowline system, in a deal worth up to $1.25 billion.