Italian energy services company Saipem has been awarded contracts to build offshore oil and gas fields in Guyana and Egypt with a total value of about $1.2 billion.
Saipem will be responsible for the design, fabrication and installation of subsea structures, risers, flowlines and umbilicals for a large subsea production facility.
Egypt
In Egypt, Petrobel has awarded Saipem a contract for the transportation, installation and pre-commissioning of 170 km of umbilicals for the giant Zohr gas field in the Mediterranean.
Saipem will transport and install the umbilical between the central control platform located at a water depth of 70 meters and the subsea field located at 1,500 meters, connecting to existing subsea production systems. The offshore campaign is expected to start in the third quarter of 2023.