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 energy engineering company working on oil, pipeline gas and LNG projects worldwide, said it was awarded new contracts worth $1 billion for crude and gas in Saudi Arabia and the development of underwater drones in Brazil as a new survey underpinned the long-term viability of oil in the energy mix to help finance cleaner alternatives and technologies.

TechnipFMC, the US oil and gas services company based in Houston, has been awarded a significant contract in Angola by Azule Energy, the joint venture set up by European majors BP and Eni in the Southwest African nation to oversee 16 licences as well as participating in Angola LNG operations.