Saipem targeting fabrication of “more complex” subsea structures in Guyana this year

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By the third quarter of 2024, Saipem Guyana is set to occupy 81,000 square meters (m2) of the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, allowing it to fabricate “more complex” subsea structures for the country’s booming oil industry. 

Saipem is one of the prime contractors of Stabroek Block operator, ExxonMobil. 

The revelation was made during Saipem’s workshop at the Guyana Energy Conference and Supply Chain Expo on Feb. 22. 

“[This is going to be] the expansion of the scope of what we have done so far. What we are going to do here is the fabrication of more complex, bigger subsea structures than at the moment,” said Gianluigi Della Rosa, Saipem’s Guyana Country Manager. 

Gianluigi Della Rosa, Saipem’s Guyana Country Manager

VEHSI is a partnership between the 100% Guyanese-owned NRG Holdings and the Belgian Jan De Nul. Exxon contracted VEHSI to primarily support its Yellowtail project slated for first oil in 2025.

Saipem, a global entity operational in over 60 countries, boasts a diverse workforce comprising approximately 32,000 individuals representing 130 nationalities. Renowned for its commitment to technological innovation and environmental sustainability, Saipem is significant in key field development projects in Guyana. 

Their portfolio includes pivotal ventures like Liza 1 and Liza 2, Payara, Yellowtail, Uaru, and the pending Whiptail project. 

For Liza 1, Saipem said it supplied 17 subsea trees, five manifolds and 25 jumpers. For Liza 2, Saipem supplied 30 subsea trees, eight manifolds and 46 jumpers. For Payara, it supplied 41 subsea trees, 11 manifolds and 75 jumpers. 

Saipem will supply 51 subsea trees, 12 manifolds, and 72 jumpers for the Yellowtail project.

Saipem’s office in Guyana was opened back in June 2019

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