Saipem lands Liza SURF award with Exxon
- Business & Finance
Italian company 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 meters, the Liza field is a subsea development with a recoverable resource estimate of over 1 billion oil-equivalent barrels.
Saipem said on Wednesday it 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.
The company will deploy its flagship vessels FDS2 and the Normand Maximus to execute the works which will start in 2019.
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&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 has also acquired new contracts and change orders of contracts currently underway in the North Sea and West Africa. The new acquisitions are worth a total of $500 million.