ExxonMobil has started a new floating production system development and ordered subsea installation services for another huge project offshore Guyana
Saipem won the contract, valued between US$750M and US$1.5Bn, from the US energy giant to support the development of the ultra-deepwater Whiptail oilfield off the northern coast of South America.
The Milan, Italy-headquartered offshore engineering group will install subsea production infrastructure in 2,000 m of water using three vessels under this project. Coventurers in the Stabroek block project have approved a huge investment in another floating production storage and offloading (FPSO) and subsea production and distribution network.
Saipem’s scope of work entails the detailed engineering, procurement, construction, and installation of the subsea production facilities which connect to the FPSO, where oil is processed, stored and eventually offloaded on to tankers, supported by service vessels.
Detailed engineering and procurement work has already commenced to secure long-lead items. Saipem will use its 2011-built deepwater construction vessels FDS2, 2014-built Constellation and 2012-built pipelayer Castorone for the offshore installation work and its construction facility in the Port of Georgetown, Guyana, for equipment fabrication.
Saipem has already undertaken similar operations, or is contracted to do so for ExxonMobil’s Liza phase 1, Liza phase 2, Payara, Yellowtail and Uaru projects in Guyana.
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