Saipem received a new engineering, procurement, construction and installation (EPCI) contract for the subsea umbilicals, risers and flowlines (SURF) package of the proposed Liza project offshore Guyana, according to a May 10 company press release.
Saipem’s flagship vessels FDS2 and the Normand Maximus will carry out the work, which will begin in 2019. Work will also involve associated structures and jumpers, as well as transportation and installation of manifolds and associated foundations for Liza, which sits about 120 miles offshore Guyana in 1,800 m of water.
Liza is operated by Esso Exploration and Production Guyana Ltd., an ExxonMobil Corp. (NYSE: XOM) subsidiary, and has a recoverable resource estimate of more than 1 billion oil-equivalent barrels.
Saipem has also acquired new contracts and change orders for contracts currently underway in the North Sea and West Africa, in total worth US$500 million.
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