Saipem scores new offshore contracts in Guyana and Congo worth $700m

Italian contractor Saipem has been awarded contracts by Esso Exploration and Production Guyana for the second phase of the ExxonMobil led Liza development offshore Guyana.

These contracts are in addition to those awarded to Saipem in 2017 for Liza Phase 1 is written in a statement.

Saipem will perform detailed engineering, procurement, construction, and installation of the risers, flowlines, and associated structures and jumpers, and will also transport and install umbilicals, manifolds, and associated foundations for the production, and water and gas injection systems.

Furthermore, through its subsidiary Boscongo SA, Saipem has been also awarded a new Offshore E&C contract in the Republic of Congo for a maintenance, modifications & operations project in relation to the Centrale Electrique du Congo, which covers over half of the country’s electricity supply.

The scope of work includes the engineering, procurement, construction and commissioning, as well as the start-up and performance tests for the project, the purpose of which is to expand the capacity of the open cycle power plant located 15 km to the south east of Pointe Noire, in proximity to Saipem’s yard which will provide necessary support to the project activities. Output will be brought from the present 300 MW to 450 MW.

Saipem concluded specifying that the overall value of this two contracts is approximately $700m.

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.
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