Saipem has received the second contract from Petrobel. Credit: wasi1370 from Pixabay.

Saipem has received new offshore contracts worth approximately $1.2bn in total from ExxonMobil Guyana, and Belayim Petroleum Company (Petrobel) in Guyana and Egypt.

ExxonMobil Guyana, a subsidiary of ExxonMobil, has selected Saipem for the UARU oil field development project, located in the Stabroek block offshore Guyana.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Saipem will be responsible for the design, fabrication, and installation of subsea structures, risers, flowlines, and umbilicals for a large subsea production facility. 

Saipem plans to undertake the contract work using its FDS2 and Constellation vessels.

In a press statement, Saipem said: “Subject to the necessary government approvals, project sanction by ExxonMobil Guyana and its Stabroek block coventurers, and an authorisation to proceed with the final phase, the award will allow Saipem to start some limited activities, namely detailed engineering and procurement.”

Earlier this year, Modec was selected to undertake front end engineering and design (FEED) for a floating production, storage, and offloading (FPSO) vessel to be deployed at the Uaru development project.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Saipem has received the second contract from Petrobel for the transportation, installation, and pre-commissioning of 170km of umbilicals for the Zohr field, located within the Shorouk Block, within the Egyptian Exclusive Economic Zone (EEZ) in the Mediterranean Sea.

The umbilicals will be transported and installed between the central control platform and the subsea field to connect to the existing subsea production systems.

Saipem plans to start an offshore campaign during the third quarter of 2023.