Italian multinational oilfield services company Saipem said Tuesday it has received confirmation from Qatargas for the exercise of two options for additional scope of work within the North Field Production Sustainability Offshore Project, the award of which was communicated on February 22nd, 2021.
The additional scope of work of the two options is worth approximately 350 million USD and is related to rerouting of the hydrocarbons from existing wellhead platform through the new facilities, due to existing pipeline being decommissioned.
The activities to be carried out comprise the construction of two additional riser platforms, two additional connecting bridges with existing wellhead platforms, two corrosion resistant carbon steel cladded intra-field pipelines with a length of 13 km overall and decommissioning of existing pipeline.
Works associated with the exercise of the options will be fully integrated with the project activities of two contract awards announced earlier this year, the North Field Production Sustainability Offshore and the North Field Production Sustainability Pipeline, which are both part of the strategic development of the North Field production plateau.
This commercial achievement is a further proof of trust on Saipem by its key client, Qatargas. Saipem is already working actively on project engineering and site preparation activities and it’s looking forward to progress further, by leveraging its competences, assets and technology.
Qatargas is the world’s largest liquefied natural gas company. It produces and supplies the globe with 77 million metric tonnes of LNG annually from across its seven ventures—Qatargas 1, Qatargas 2, Qatargas 3, Qatargas 4, RL1, RL2 and RL3.
In Guyana, Saipem has been awarded contracts by ExxonMobil for the Engineering, Procuring, Construction and Installation of Subsea Umbilicals Risers Flowlines for the offshore developments at the Stabroek Block.
