Saipem Inks $1.9B in Contracts

Wednesday, November 29, 2023

Saipem won two offshore contracts, one in Guyana and the other in Brazil, worth approximately $1.9 billion.

The first contract has been awarded by ExxonMobil’s subsidiary ExxonMobil Guyana Limited for the proposed Whiptail oilfield development located in the Stabroek block offshore Guyana, at a water depth of approximately 2,000 meters. Saipem’s scope of work includes the design, fabrication and installation of subsea structures, risers, flowlines, and umbilicals for a large subsea production facility.
Saipem will perform operations using its state-of-the art vessels FDS2, Constellation, and Castorone, and will deploy as key fabrication site for its execution model Saipem’s Guyana Offshore Construction Facility located at the Port of Georgetown, enhancing a sustainable steady growth in the country. Subject to the necessary government approvals, the project sanction by ExxonMobil Guyana Limited and its Stabroek block coventurers and an authorization to proceed with the final phase, the award will allow Saipem to begin some limited activities, namely detailed engineering, and procurement.

The second contract has been awarded by Equinor for the Raia project, the development of a pre-salt gas and condensate field in the Campos Basin, located about 200 km offshore the state of Rio de Janeiro in Brazil.

Saipem’s scope of work encompasses the offshore transport and installation of a subsea gas export line and associated equipment in water depths of around 2,900 meters, as well as the horizontal drilling activities for the shore approach. Saipem will deploy its state-of-the-art pipelaying vessel Castorone for the installation works.

Categories: Contracts Offshore Offshore Energy FPSO

Related Stories

Norwegian Oil Investment Will Peak in '25

Norwegian Oil Investment Will Peak in '25

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Fugro Lands Deepwater Gas Field Job in Southeast Asia

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

MODEC Wins ExxonMobil Guyana’s Hammerhead FPSO Contract

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

India Stretches Bids Deadline for 13 Offshore Deep-Sea Mineral Blocks

Current News

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com