Italian turnkey contractor Saipem has secured a new EPCI contract for the SURF package of the planned Liza project, which is operated by Esso Exploration and Production Guyana, an affiliate of ExxonMobil.
The Liza field, which is situated about 120 miles offshore Guyana at a water depth of 1,800m, is a subsea development with a recoverable resource estimate of over 1bn oil-equivalent barrels.
Under the contract, Saipem will be responsible for the engineering, procurement, construction, and installation of the risers, flow lines, and associated structures and jumpers.
The contract also includes transportation and installation of umbilical’s, manifolds, and associated foundations for the production, and water and gas injection systems.
Saipem will deploy its flagship vessels FDS2 and the Normand Maximus to execute the works which will commence in 2019.
Saipem CEO Stefano Cao said: “We are delighted to have secured this award from an important client such as ExxonMobil.
“A further reason for our satisfaction is the opportunity to be among the first operators in the oil & gas industry to work in an emerging country like Guyana. This is an important milestone for Saipem and an exciting challenge in a frontier area.”
The company has also secured new contracts that are currently in progress in the North Sea and West Africa. The new contracts are valued at $500m.