Italy’s Saipem has been awarded a big EPCI contract on ExxonMobil's Liza project off Guyana.
Located approximately 120 miles offshore Guyana at a water depth of 1,800 metres, the Liza field is a subsea development with a recoverable resource estimate of over 1 billion oil-equivalent barrels.
Saipem will perform engineering, procurement, construction, and installation of the risers, flow lines, and associated structures and jumpers. The award also includes transportation and installation of umbilicals, manifolds, and associated foundations for the production, and water and gas injection systems.
Commenting on the award, Stefano Cao, Saipem CEO, 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 and 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”.
Saipem will deploy its vessels FDS2 and the Normand Maximus to execute the works which will start in 2019.