Following the press release of 29 November 2023, Saipem informs that it has received from ExxonMobil Guyana Limited and its Stabroek block coventurers the authorisation to proceed with the execution of the Whiptail oilfield development project, situated in the offshore Guyana, at a water depth of approximately 2000 m.
The authorisation has been granted subsequent to the final project sanction by the client and its coventurers and to the necessary regulatory clearances.
Saipem’s scope of work entails the detailed engineering, procurement, construction, and installation (EPCI) of a subsea production facility. The contract value is between US$750 million and US%1.5 billion.
As previously announced, Saipem had already started initial activities, namely the detailed engineering and procurement of the long lead items, and following the issued authorisation the company can proceed with the execution of the remaining project activities.
Saipem's vessels FDS2, Castorone and Constellation will be used for the offshore installation. Furthermore, for the on-site construction of part of the submarine items, Saipem will deploy its Guyana Offshore Construction Facility, located at the Port of Georgetown, and an additional local fabrication facility, proof of the company’s continued commitment to the sustainable growth in the country.
Saipem had been previously awarded five additional contracts by ExxonMobil Guyana for projects in the same region: Liza Phase 1 and Phase 2, Payara, Yellowtail and UARU.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/15042024/saipem-receives-authorisation-to-proceed-with-the-execution-of-the-whiptail-project-in-guyana/