ExxonMobil is planning another deepwater billion-dollar oil project in Guyana involving a network of subsea structures and flowlines linked to an oil production and export ship
Saipem has been awarded new offshore contracts in the Middle East and Latin America with a total of US$720M for subsea construction and repair works, demonstrating the importance of this growth sector.
The Italian engineering group will install subsea structures, cables and flowlines for another deepwater oil project in Guyana for ExxonMobil, and repair damaged subsea pipelines for an unnamed oil company in the Middle East.
Saipem has gained a limited notice to proceed (LNTP) from ExxonMobil Guyana for engineering, procurement, construction and installation of subsea structures, umbilicals, risers and flowlines for the proposed Hammerhead oilfield development.This project, in the prolific Stabroek block offshore Guyana, is awaiting government and regulatory approvals, and will involve multiple subsea wells linked to a floating production storage and offloading (FPSO) vessel in around 1,000 m of water.
