Independent journal on economy and transport policy
12:06 GMT+1
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Saipem has been awarded two offshore contracts worth a total of $1.1 billion
They are related to activities in Australia and Guyana
January 11, 2022
Scarborough Joint Venture is composed of Woodside Energy Scarborough Pty Ltd (73.5%) and BHP Petroleum (Australia) Pty Ltd (26,5%). Woodside and BHP announced on November 22, 2021 that the Scarborough Joint Venture has deliberated the final decision of investment to proceed with the Scarborough project.
The second contract was awarded to Saipem by of Esso Exploration and Production Guyana Limited (EEPGL), a Subsidiary of ExxonMobil, for the development of the Yellowtail project in the offshore block of Stabroek off guyana at a depth of about 1,800 meters.
Pending the necessary government authorizations and of the approval of the investment, the assignment of the contract allows the start of initial engineering activities and procurement needed to progress in accordance with the programme of the project. The contract concerns engineering, procurement, construction and installation (EPCI) of umbilical lines submarines, risers & flowlines (SURF).
Yellowtail is destined to be a new project of development including underwater drilling centers (each with its own wells for the separate production of oil and for water and gas injection) connected to a new unit production, storage and unloading float (FPSO). FDS2, Saipem's flagship, will perform offshore operations while Saipem's manufacturing plant in Guyana will take care of the construction of structural elements intended for water Deep.
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