Saipem won $1.2 billion in contracts for Guyana and Egypt

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By : Inspenet, December 20, 2022

Italian multinational oilfield services company Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately $1.2 billion.

ExxonMobil Guyana has awarded the first contract, subject to government approvals, for the Uaru oil field development project, located in the Stabroek block off the coast of Guyana at a water depth of around 2,000 meters. The scope of the contract includes the design, fabrication and installation of subsea structures, risers, flowlines and umbilicals for a large subsea production facility.

Previously awarded four other subsea contracts by ExxonMobil Guyana for previous developments in the same area, Liza Phase 1 and 2, Payara and Yellowtail, Saipem will conduct the operations using its vessels, including FDS2 and Constellation.

Subject to the necessary government approvals, the sanction of the project by ExxonMobil Guyana and its Stabroek block partners, and an authorization to proceed to the final phase, the award will allow Saipem to initiate some limited activities, namely detailed engineering and procurement.

The second contract has been awarded by Petrobel for the transportation, installation and pre-commissioning of 170 km of umbilicals for the Zohr Field, to be transported and installed between the central control platform (70 m depth) and the subsea field (1,500 m water depth), connecting to existing subsea production systems. The offshore campaign is scheduled to start during the third quarter of 2023.

Source : http://petroleumag.com/saipem-gano-1-200-mm-en-contratos-para-guyana-y-egipto/

Photo: ShutterStock

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