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Saipem Bags $700 Million In Offshore Contracts In Guyana And Congo

Written by Paulo Nogueira
Published on 21/08/2018 at 11:20
Updated on 21/08/2018 at 11:59
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The Italian Oil Services Contractor Saipem Received Contracts for the Second Phase of Development of the Liza Field Led by ExxonMobil on the Coast of Guyana. It Also Won an Offshore Work Contract in Congo.

As Soon as Liza 2 is Approved, Saipem Will Carry Out Detailed Engineering, Procurement, Construction, and Installation of the Risers, Flowlines, and Associated Structures and Jumpers. Saipem Will Also Transport and Install Umbilicals, Manifolds, and Associated Foundations for Production and Water and Gas Injection Systems.

Stefano Cao, CEO of Saipem, Said: “For Saipem, This Award is Significant and Strategic, and Consistently Supports Our Goal to Consolidate Our Leading Position in the Offshore Subsea Flowlines Umbilicals and Risers (SURF) Market. It Also Strengthens Our Relationship with an Important Client Like ExxonMobil and Allows Us to Contribute Safely to the Development of Guyana’s Significant Hydrocarbon Resources. Finally, This Project is Expected to Involve the Recently Acquired Vessel Constellation, Which, Along with the FDS2, Will Ensure an Offshore Execution Campaign to Achieve First Oil by 2022.”

In Addition to the Contract with Liza 2, Saipem Announced on Tuesday That Its Subsidiary Boscongo SA Received a New Offshore E & C Contract in the Republic of Congo for an MMO (Maintenance, Modifications, and Operations) Project Related to the Centrale Electrique du Congo, Which Covers More Than Half of the Electricity Supply in the Country.

The Scope of Work Includes Engineering, Procurement, Construction, and Commissioning, as Well as Start-Up and Performance Testing for the Project, Which Aims to Expand the Capacity of the Open Cycle Plant Located 15 km Southeast of Pointe Noire, Near Saipem’s Shipyard, Which Will Provide the Necessary Support for Project Activities. Production Will Increase from the Current 300 MW to 450 MW.

The Total Value of the Two Contracts is Approximately US $ 700 Million.

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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