Italy’s Saipem wins contracts in Brazil and Guyana worth $1.9 billion

Italy’s Saipem wins contracts in Brazil and Guyana worth $1.9 billion

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ROME, Nov 29 (Reuters) – Italian energy engineering and infrastructure company Saipem (SPMI.MI) 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 (EQNR.OL) 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 (XOM.N) subsidiary ExxonMobil Guyana Limited for the proposed Whiptail oilfield development located in the offshore Stabroek block.

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Published: 29-11-2023