LNG

Nov 29 (LNG) - Italian LNG and energy engineering company Saipem has been awarded two South American offshore oil and natural gas contracts, one in Guyana and the other in Brazil, worth around $1.9 billion. Saipem said the first contract was awarded by ExxonMobil Guyana for the proposed Whiptail oilfield development located in the Stabroek block offshore Guyana at a water depth of 2,000 metres.

   Saipem’s scope of work includes the design, fabrication and installation of subsea structures, risers, flowlines and umbilicals for a large subsea production facility. The second contract has been awarded by Norwegian energy company Equinor for the Raia project, the development of a pre-salt gas and condensate field in the Campos Basin, located about 200 kilometres (124 miles) offshore the state of Rio de Janeiro in Brazil. This project will provide more natural gas for the domestic market of LNG importer Brazil.

Saipem, the Italian subsea and drilling company, has been awarded contracts in the LNG-producing nation of Angola for the Azule Energy joint venture and for wells in the Côte d'Ivoire where the West African nation is aiming to boost oil and gas production.

Saipem, the Italian offshore energy and LNG engineering specialist, was awarded two contracts worth €1 billion ($961 million) by a joint venture in the Côte d'Ivoire in West Africa to develop the Baleine Phase 1 project for offshore oil and associated gas and to maintain the country's status as an African energy hub.