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22 February 2019 The on-line newspaper devoted to the world of transports 09:21 GMT+1

August 21, 2018

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Saipem has adjudicated contracts for about 700 million dollars

They regard the second phase of the development of the reservoir Liza in Guyana and the expansion of the ability to headquarters in the Republic of the Congo

The Saipem Italian has obtained store clerks of the total value of about 700 million dollars. The company has adjudicated contracts for the second phase of the development of the Liza reservoir, than it is found to about 200 kilometers from the coast of Guyana in Blocco di Stabroek to the maximum depth of 1.850 meters, project operated from It Exploration & Production Guyana Limited (EEPGL), controlled of ExxonMobil. The work will be executed in continuity with the first phase already assigned to Saipem in 2017.

The development of Blocco Stabroek will be assured by joint venture constituted by It Exploration & Production Guyana Limited, in quality of operator with a quota 45%, by Hess Guyana Exploration Limited with 30% of participation and from the CNOOC Nexen Petroleum Guyana Limited with 25%.

Al term of the preliminary phase of engineering and advance approval of the governmental authority, of the partner of joint venture and the emission of the notification to proceed with the next phases of the project, Saipem will execute detail engineering and will provision the necessary assets and services to the construction and the installation of the riser, the pipelines, the submarine structures and the jumper of connection. The contracts will include moreover the transport and the installation of the umbilical ones, of the manifold with relative foundations, let alone of the systems for the injection of water and gas.

The second phase of the development of the Liza field is characterized by a greater number of wells and submarine structures regarding the first phase contributing with a production of about 220 thousand barrels to the day.

"This acquisition - it has emphasized the managing director of Saipem, Stefano Cao - is for us strategic and coherent with the will to consolidate our position of leader of the offshore market Subsea Flowlines Umbilical and Risers (SURFING). It reinforces, moreover, our relationship with an important customer, the ExxonMobil, and us from the opportunity to participate in sure and effective way to the development of the meaningful hydrocarbon resources of Guyana. The project will involve recently uses it of the Constellation ship, acquired, and that, together with means FDS2, such will guarantee the offshore execution to start the production within 2022".

Moreover, through controlled Boscongo IT KNOWS, Saipem has adjudicated a new Offshore contract E&C in the Republic of the Congo for a project of MMO (Maintenance, Modifications & Operations) relative to Headquarters Electrique du the Congo, system that electrical worker of the Country will cover beyond the half of the requirements.

The scope of the job comprises the execution of engineering, supplying of necessary goods and services to the construction and the commissioning, included the test and starter tests, in order to expand the ability to situated same headquarters to 15 south-east kilometers of Pointe Noire, nearby of the yard of Saipem that will supply the necessary support to the activities of the project. The manufacturing capacity will come capacity from current the 300 MW to specified the 450 MW.

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