Italy’s Saipem wins Guyana, Brazil contracts worth $1.9 billion
ROME, Nov 29 (Reuters) - Italian energy engineering and infrastructure company Saipem has won two offshore contracts in Brazil and Guyana worth around $1.9 billion in total, it said on Wednesday.
In Brazil, Saipem was awarded a contract by Equinor for the Raia project, which envisages the development of a pre-salt gas and condensate field in the Campos Basin, located about 200 kilometres offshore the state of Rio de Janeiro, a statement said.
The project is one of Brazil's most important gas development initiatives and could cover 15% of the total domestic gas demand of the country, Saipem said.
In Guyana, it was awarded a contract by Exxon Mobil's subsidiary ExxonMobil Guyana Limited for the proposed Whiptail oilfield development located in the offshore Stabroek block.
Related News
Related News
- Williams' $1 Billion Gas Pipeline Blocked by U.S. Appeals Court, Derailing Five-State Project
- Texas Waha Hub Gas Prices Plunge to Record Lows, Hit Negative Territory
- Williams Begins Louisiana Pipeline Construction Despite Ongoing Legal Dispute with Energy Transfer
- U.S. Buys Nearly 5 Million Barrels of Oil for Emergency Stockpile
- U.S. Appeals Court Strikes Down Controversial Biden Pipeline Safety Rules
- Report: Houston Region Poised to Become a Global Clean Hydrogen Hub
- Exxon Mobil to Start Gas Reserve Seismic Surveys in Greece
- LaPorte, Texas, Issues Shelter in Place After Altivia Plant Leaks Toxic Gas
- Texas Startup Endeavors Again to Build First Major U.S. Oil Refinery Since 1977
- Mid-Year Global Forecast: Midstream Responding to Demand from LNG Projects
Comments