[📣#OffshoreProject] Following last November's press release, we have received from ExxonMobil Guyana and its Stabroek block coventurers the authorization to proceed with the execution of the Whiptail project in offshore Guyana, situated at a water depth of around 2,000 meters.
We have already started initial activities related to the EPCI of a subsea production facility and we can now proceed with the execution of the remaining project activities. The contract value is between 750 million and 1.5 billion USD.
For the offshore installation, we will use our vessels FDS2, Castorone, and Constellation and for the on-site construction of part of the submarine items, we will deploy our Guyana Offshore Construction Facility and an additional local fabrication facility, proof of our continued commitment to the sustainable growth in the country.
After Liza Phase 1 and Phase 2, Payara, Yellowtail, and UARU, this marks the sixth project entrusted to us by ExxonMobil in Guyana.
Read more on our website https://lnkd.in/dWjupRZz
#Saipem #EngineeringForASustainableFuture