Saipem has been awarded a new EPCI contract for the SURF package of the proposed Liza project operated by Esso Exploration and Production Guyana Limited, an affiliate of ExxonMobil. 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. Saipem will deploy its flagship vessels FDS2 and the Normand Maximus to execute the works which will commence in 2019.
Saipem has also acquired new contracts and change orders of contracts currently underway in the North Sea and West Africa.
The new acquisitions worth a total of USD 500M.
