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
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
Comments