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Saipem Secures 2 Contracts Worth $1.9 Billion.

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Saipem Secures 2 Contracts Worth $1.9 Billion.

(CTN News) – On November 29th, Saipem, a company that provides engineering and construction services in Italy, announced that it had secured two new offshore contracts worth approximately $1.9 billion.

The first contract is for the development of the Whiptail oilfield, which is the sixth project located in the Stabroek block offshore Guyana and has a water depth of 2000 meters.

Saipem will be responsible for designing, fabricating, and installing subsea structures, risers, flowlines, and umbilicals for a large subsea production facility as part of the scope of work.

The company has announced that the FDS2, Constellation, and Castorone vessels will be utilized for the project, with the Georgetown-based Guyana Offshore Construction facility serving as a crucial fabrication site.

Following the award of the contract, the Saipem company will commence limited activities such as engineering and procurement, subject to government approvals, project sanction by ExxonMobil Guyana and partners, and authorization to proceed with the final phase.

Additionally, the company has secured a second contract from Equinor for the Raia pre-salt gas and condensate fields in the Campos Basin, located approximately 200 km offshore the state of Rio de Janeiro in Brazil. Equinor submitted development plans for the fields in the Saipem BM-C-33 concession in September.

The development project, estimated at $9 billion, will employ an FPSO that can process gas and oil/condensate to meet sales specifications without requiring further onshore processing. The FPSO will have a production capacity of 16 million m3/D of gas, with an anticipated average export of 14 million m3/D.

Saipem has announced that its scope of work will involve the offshore transport and installation of a subsea gas export line and associated equipment in water depths of approximately 2900 m, as well as horizontal drilling activities for the shore approach.

The contractor will utilize its Castorone vessel to work on what it considers one of the most significant gas development projects in Brazil, which could account for 15% of the country’s total domestic demand.

The gas that has been extracted will be conveyed via pipelines that have been installed by Saipem over a distance of around 200 km.

These pipelines will transport the gas from the field to a gas receiving facility that will be constructed in Cabiúnas, located in the city of Macaé in the State of Rio de Janeiro.

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