Saipem, an Italian oilfield services company, has won new offshore contracts worth a combined $1.2 billion for work in Guyana and Egypt.

According to Saipem, Petrobel has awarded the second contract for the transportation, installation, and pre-commissioning of 170 km of umbilicals for the Zohr field. These umbilicals will connect to the current subsea production systems and will be transported and installed between the central control platform, which is in 70 metres of water, and the subsea field, which is in 1,500 metres of water. It is anticipated that this offshore campaign will begin in Q3 2023.

The Zohr field, inside the Shorouk concession, is about 190 kilometres north of Port Said and is thought to be the biggest gas find in Egypt and the Mediterranean Sea. It was founded in 2015 and made operational in 2017 by the Italian company Eni.

Rosneft, BP, and Mubadala Petroleum are some of the other partners in this field, which is operated by Petrobel, a company partly owned by Eni and the governmental corporation EGPC.

Contract for the Uaru oil field development project in the Stabroek block offshore Guyana, at a depth of about 2,000 metres, has been awarded by ExxonMobil, subject to regulatory permissions. Esso Exploration and Production Guyana Limited, an ExxonMobil affiliate, has completed five development projects offshore of Guyana (EEPGL).

The design, construction, and installation of subsea structures, risers, flowlines, and umbilicals for a sizable subsea production facility are all included in the contract’s scope. ExxonMobil had already given the oilfield services company four additional subsea contracts for earlier projects in the same region, including Liza Phases 1 and 2, Payara, and Yellowtail. With the help of the most recent agreement, the company will operate its vessels, including FDS2 and Constellation, for the Uaru project.