Saipem has been awarded a subsea contract by ExxonMobil for the proposed Payara development project located in the Stabroek block offshore Guyana at a water depth of around 2000 metres.
The contract scope includes Subsea Structures, Risers and Flowlines.
Saipem was awarded earlier subsea contracts for the first two phases of the Liza development in Guyana by EEPGL in 2017 and in 2018, respectively.
Saipem will perform the detailed Engineering, Procurement, Construction and Installation (EPCI) of a large subsea production facility. This facility will include approximately 130 km of flowlines, rigid risers, associated terminations and jumpers together with the installation of manifolds, flexible risers, dynamic and static umbilicals and flying leads. Testing and pre-commissioning of the subsea field will follow installation.
Before the necessary government approvals and project sanction, the contract award will allow the start of limited activities, namely detailed engineering and procurement.
Saipem’s flagship vessels FDS2 and Constellation will perform the offshore operations using an optimized combination of different pipe-lay methods – J-Lay and Reel-lay.
Furthermore, Saipem has been awarded certain variation orders for additional works linked to ongoing offshore E&C projects in Saudi Arabia, Azerbaijan and in the North Sea.
The overall value of the above-mentioned contracts, together with the contract in Guyana, is worth approximately 880 million USD.