Saipem bags new $1.2bn offshore contracts
Saipem has been awarded new contracts in Guyana and Egypt for a total amount of approximately $1.2bn, the company said on December 15.
The first contract has been awarded by ExxonMobil for the UARU oil field development project, located in the Stabroek block offshore Guyana at a water depth of around 2,000 m. The contract scope includes the design, fabrication and installation of subsea structures, risers, flowlines and umbilicals for a large subsea production facility.
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Saipem, who was previously awarded other four subsea contracts by ExxonMobil for prior developments in the same area, namely Liza Phase 1 and 2, Payara, and Yellowtail, will perform the operations by using its vessels, including FDS2 and Constellation.
Subject to the necessary government approvals, project sanction by ExxonMobil and its Stabroek block coventurers and an authorisation to proceed with the final phase, the award will allow Saipem to start 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 gas field, to be transported and installed between the central control platform (70 m water depth) and the subsea field (1,500 m water depth), connecting to the existing subsea production systems. The offshore campaign is planned to start during Q3 2023.