Saipem awarded major offshore Guyana, Australia subsea contracts

Jan. 11, 2022
Esso Exploration and Production Guyana has awarded Saipem an EPCI contract for the SURF equipment for the Yellowtail development in the Stabroek block.

Offshore staff

SAN DONATO MILANESE, Italy – Esso Exploration and Production Guyana has awarded Saipem an EPCI contract for the SURF equipment for the Yellowtail development in the Stabroek block offshore Guyana.

Water depth is around 1,800 m (5,905 ft).

Assuming authorizations from Guyana’s government and investment approval, Saipem will start initial engineering and procurement activities in order to proceed with the program.

The contract relates to the engineering, procurement, construction, and installation (EPCI) of the subsea umbilicals, risers and flowlines (SURF).

Yellowtail will feature new subsea drill centers, each with separate oil production, water injection and gas injection wells, linked to a new FPSO.

Saipem’s recently opened fabrication facility in Guyana will construct the deepwater structural elements for the umbilicals, risers and flowlines, with the FDS2 vessel handling offshore installations.

In addition, the company has received the notice to proceed from Woodside Energy for a pipelay contract for the Scarborough project in the Carnarvon basin offshore Western Australia.

Saipem will undertake coating, transportation, and installation for the 430-km (267-mi), 36/32-in. trunkline, which will connect to the new Train 2 at the Pluto LNG onshore complex.  The first cargo should be delivered in 2026.

Maximum water depth is 1,400 m (4,593 ft): Saipem will also fabricate and installation various line structures and the pipeline end termination in 950 m (3,117 ft) of water. Offshore operations, to be performed mainly by the Castorone vessel, should begin in mid-2023.

The two contracts are valued at $1.1 billion.

01/11/2022