Italian player Saipem has been awarded a pair of subsea contracts in Guyana and Egypt worth a combined $1.2 billion.
In Guyana, Saipem will be in charge of manufacturing and supplying the subsea umbilicals, risers and flowlines (SURF) system for the Uaru field, ExxonMobil’s fifth offshore development in the prolific Stabroek block.
Saipem will perform operations at Uaru using its pipelaying crane vessels FDS2 and Constellation.
ExxonMobil expects first oil from Uaru in 2026 via a large floating production, storage and offloading vessel to be supplied by Japanese player Modec.
