(Source: Ian Geraint Jones / Shutterstock.com)
Italian energy contractor Saipem SPMI.MI has won two new contracts in Guyana and Egypt for an overall value of around $1.2 billion, it said in Dec. 15 statement.
The first contract has been awarded by ExxonMobil Guyana for the UARU oil field development project, located in the Stabroek block offshore Guyana at a water depth of around 2,000 meters.
The second deal, in Egypt, was signed with Petrobel for the transportation, installation and pre-commissioning of 170 km of umbilical cables for the Zohr Field, with the offshore campaign is expected to start in the third quarter of 2023.
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