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Thursday, December 15, 2022
Saipem has been awarded new contracts in Egypt and Guyana for a total amount of
approximately $1.2 billion. The first contract has been awarded by Petrobel for the
transportation, installation and pre-commissioning of 170 km of umbilicals for the Zohr Field, to
be transported and installed between the central control platform (70 m water depth) and the
subsea field (1,500 m water depth), connecting to the existing subsea production systems. The
offshore campaign is planned to start during Q3 2023.
The second contract has been awarded by ExxonMobil Guyana, subject to government
approvals, for the UARU oil field development project, located in the Stabroek block offshore
Guyana at a water depth of around 2,000 meters. The contract scope includes the design,
fabrication and installation of subsea structures, risers, flowlines and umbilicals for a large
subsea production facility. Saipem, who was previously awarded other four subsea contracts by
ExxonMobil Guyana for prior developments in the same area, namely Liza Phase 1 and 2,
Payara, and Yellowtail, will perform the operations by using its vessels, including FDS2 and
Constellation.
Subject to the necessary government approvals, project sanction by ExxonMobil Guyana and its
Stabroek block coventurers and an authorization to proceed with the final phase, the award will
allow Saipem to start some limited activities, namely detailed engineering and procurement.
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