Saipem Awarded Two Oil, Gas Offshore Projects in Guyana, Brazil

Saipem Awarded Two Oil, Gas Offshore Projects in Guyana, Brazil

Italy’s Saipem has announced that they have been awarded two offshore contracts worth approximately $1.9 billion.

The first contract, awarded by ExxonMobil’s subsidiary ExxonMobil Guyana Limited, is for the proposed Whiptail oilfield development located in the Stabroek block offshore Guyana.

This project, with a water depth of approximately 2,000 meters, will require Saipem to design, fabricate, and install subsea structures, risers, flowlines, and umbilicals for a large subsea production facility.

To carry out these operations, Saipem will utilize its state-of-the-art vessels, FDS2, Constellation, and Castorone. The company will also establish its Guyana Offshore Construction Facility at the Port of Georgetown, which will enhance sustainable growth in the country and serve as a key fabrication site for the project.

Subject to governmental approvals, Saipem will begin some limited activities, including detailed engineering and procurement.

The second contract, awarded by Equinor, is for the Raia project, which involves 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 for this project includes the offshore transport and installation of a subsea gas export line and associated equipment in water depths of around 2,900 meters. The company will also be responsible for the horizontal drilling activities for the shore approach, in addition to deploying its state-of-the-art pipelaying vessel, Castorone.

With this project, Saipem will contribute to the realization of one of the most important gas development projects in Brazil, which could represent 15% of the total domestic demand of the country, according to Saipem’s press release.

Notably, the gas will be transported through pipelines installed by the company for approximately 200 km from the field to a gas receiving facility to be built in Cabiúnas, in the city of Macaé in the State of Rio de Janeiro.

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