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Image courtesy of Saipem.

Italy’s Saipem won offshore engineering and construction contracts from Mexico’s Pemex Thursday worth about $750 million for work at the Lakach field in the Gulf of Mexico.

The Lakach field is located 60 miles southeast of Veracruz and 81 miles northwest of Coatzacoalcos.

The field has water depths ranging from 2,788 to 3,937 feet.

The contract involves the engineering, procurement, construction and installation of the system connecting the offshore field with the onshore gas conditioning plant.

Saipem will engineer, construct and install two 45 mile long 18-inch diameter flowlines for the transportation of gas and a main umbilical about 31 miles long.

The company will also develop the subsea umbilicals, risers and flowlines facilities that include subsea equipment, infield umbilicals, flexibles and trees as well as control system installation for the field.

The project is expected to be completed by the end of 2017 and is Pemex’s first deepwater development project

Saipem is a subsidiary of Italy’s Eni. Eni holds a 43 percent stake in the company.