Saipem awarded new FEED contract in Vietnam

Saipem awarded new FEED contract in Vietnam

Saipem’s XsightSIGHT division has been awarded a new onshore-offshore contract for the Ca Voi Xanh (Blue Whale) project by ExxonMobil Exploration and Production Vietnam Limited (EMEPVL) and its joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation.

The Italian contractor will provide front end engineering design services for the project that consists of an offshore platform, offshore gas and condensate pipelines, offshore fibre optic cabling, an onshore gas treatment plant (GTP), onshore pipelines and an onshore condensate offloading facility.

ExxonMobil and its partners plan a multi-billion-dollar development of the Ca Voi Xanh (Blue Whale) gas/condensate field in block 118 offshore Vietnam. Pending approvals, executed gas sales agreements, and a final investment decision in 2020, the aim is to install a single offshore platform, a subsea pipeline transporting the gas to shore, an onshore gas treatment plant, and overland pipelines feeding the gas to two dual-train power plants for electricity generation.

According to Liam Mallon, president of ExxonMobil Development Co., the project could generate $20bn in revenue to the Vietnamese government, thousands of local jobs and improved energy security from domestic gas development.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

Related Posts