22 C
Georgetown
Saturday, February 27, 2021

Saipem building construction yard with ‘largest heavy lift crane’ in Guyana, local team executing work

Must Read

Coming oil price bounce, supply shortfall opening space for Guyana barrels

More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise...

New York Stock Exchange begins delisting CNOOC

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd...

CDC hosts major oil spill response workshop ahead of exercise to test Guyana’s capabilities

Guyana’s Civil Defence Commission (CDC) is partnering with US State agencies, Pacific Disaster Center, ExxonMobil, and the French and Canadian...
OilNOW
OilNow is an online-based Information and Resource Centre which serves to complement the work of all stakeholders in the oil and gas sector in Guyana.

Saipem said on Monday it has received authorization to proceed with the final phase of the Payara development project in Guyana from ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL). This authorization allows for the finalization of the detailed engineering and procurement activities and the full execution of the contract scope, the company said.

Saipem’s flagship vessels Saipem FDS2 and Saipem Constellation will perform the offshore installation while a soon-to-be completed construction yard in Guyana will take on the local fabrication of part of the subsea items.

The facility will feature a heavy load bearing jetty, the largest heavy lift crane in Guyana and specialized welding and testing equipment. All construction work for the new facility has been awarded to local Guyanese contractors.

Furthermore, Saipem has started a recruitment campaign targeting Guyanese for offshore works who will then be sent onboard the FDS2 for training and work.

“These initiatives, along with our logistic activities in Guyana and the opening of Saipem offices in the capital Georgetown in 2019, are proof of our commitment to a country with ample perspectives as well as our constant efforts to deliver sustainable value to our stakeholders,” Saipem stated.

The company said these landmark activities in Guyana, emphasized by leading-edge technologies and local content, will help set the industry standard for sustainable performance in frontier Oil and Gas regions.

The Payara field is located in the Stabroek block offshore Guyana at a water depth of around 2,000 meters.  Saipem was awarded Engineering, Procurement, Construction, and Installation (EPCI) of Subsea Flowlines, Umbilicals and Risers (SURF) in 2017 and 2018 respectively for Liza phases 1 and 2 offshore Guyana. The Payara development will connect 41 wells in total, including production, water injection and gas injection wells.

In November 2019 Saipem announced the contract award of the Payara subsea development project by ExxonMobil, subject to final investment decision (FID), for the detailed Engineering, Procurement, Construction and Installation (EPCI) of a large subsea production facility. In accordance with the contract, while awaiting project sanction, Saipem was authorized to start initial activities, namely detailed engineering, and procurement of the long lead items. During this initial phase, Saipem’s engineers also delivered design optimizations, which are generating additional value to the project, despite the impacts and restrictions due to COVID-19 and challenging market conditions.

Latest News

Coming oil price bounce, supply shortfall opening space for Guyana barrels

More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise...

New York Stock Exchange begins delisting CNOOC

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order...

CDC hosts major oil spill response workshop ahead of exercise to test Guyana’s capabilities

Guyana’s Civil Defence Commission (CDC) is partnering with US State agencies, Pacific Disaster Center, ExxonMobil, and the French and Canadian Armed Forces to build the...

In historic move, Exxon takes Canadian oil sands off its books

(Bloomberg) --Exxon Mobil erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before...

Reassembly of gas compressor completed, testing to begin – ExxonMobil

ExxonMobil Guyana said this week that all rework and reassembly of the flash gas compressor that encountered challenges in January have been completed and...

More Articles Like This