The Italian company for engineering, drilling and construction services Saipem has secured two new offshore contracts in the Middle East and Guyana for a total amount of approximately 720 million dollars.
The first contract covers the activities for the repair of damaged underwater pipelines in the Middle East. The project to be carried out for A “Main customer”As Saipem said, it will take about three years.
The Second Contract is a limited notice to proceed (LNTP) by Exxonmobil Guyana, Pending Necessary Government and Regulatory Approverals, and Involves The Epci of Subsea Structures, Risers and Flowlines (Surf) for the Production Facility Facility Facility and Gas Export System of the Proposed Hammerhead Oil Field Development Project, Located in the Stobroek Block Offshore Guyana at a Water Depth of Around 1,000 meters.
The LNTP should enable the company to start early work activities, namely detailed engineering and procurement to ensure the earliest possible start of project in 2029.
Remaining activities such as construction and installation, which are provided in the contract, are subject to state and regulatory approval as well as the project.
Saipem will carry out the operations with a variety of construction and support ships, including Saipem FDS2. The logistics in Guyana are fully executed and managed in Guyana by the VREED-EN-HOOP-SHOREBASE (Vehsi) Yard. The duration is expected to be four years.