Saipem Lands Liza Phase 2 Deal Off Guyana

Saipem has secured a contract for Phase 2 of the ExxonMobil-led Liza development offshore Guyana, awarded by Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of ExxonMobil.

This contract follows from the contract awarded to Saipem in 2017 for Liza Phase 1.

Following engineering and subject to government approvals, project sanction from the joint venture and an authorization to proceed with the next phase, Saipem will  perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated structures and jumpers.

Saipem will also transport and install umbilicals, manifolds, and associated foundations for the production, and water and gas injection systems.

Liza field is located approximately 200 km off the shores of Guyana in the Stabroek Block at a water depth up to 1,850 meters. The second phase of the development has a larger number of wells and related subsea equipment than its predecessor and will produce an estimated 220,000 BOPD.

Stefano Cao, Saipem CEO, said: “For Saipem this award is significant and strategic, and consistently supports our aim to consolidate our leading position in the offshore Subsea Flowlines Umbilicals and Risers (SURF) market. It also consolidates our relations with an important client such as ExxonMobil and allows us to contribute safely to the development of Guyana’s significant hydrocarbon resources. Finally, this project is expected to involve the recently acquired vessel Constellation which, together with the FDS2, will ensure an offshore execution campaign to achieve first oil by 2022.”

In addition, the company has also secured a new offshore E&C contract in the Republic of Congo through its subsidiary Boscongo SA for an MMO (Maintenance, Modifications & Operations) project in relation to the Centrale Electrique du Congo.

The scope of work includes the engineering, procurement, construction and commissioning, as well as the start-up and performance tests for the project, the purpose of which is to expand the capacity of the open cycle power plant located 15 km to the south east of Pointe Noire, in proximity to Saipem’s yard which will provide necessary support to the project activities.

The overall value of the contracts is approximately USD 700 million.

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