saipem spas shares soared on thursday after the company won a contract worth around 45 billion from qatargas operating company limited to support the expansion of natural gas production off the northeast coast of qatar the milanbased energy services group said late wednesday that the contract encompasses the engineering procurement fabrication and installation of two offshore natural gas compression complexes in the north field the award represents the largest offshore contract in terms of total economic value in the companys history equita sims luigi de bellis said in a research note the news are expected to have positive implications for the stock as the contract represents nearly 20 of saipems offshore ec segment order intake target for 202225 and it provides greater visibility to its ebitda target for 2025 according to the analyst