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Italy's Saipem wins offshore contracts in Guyana, Egypt for around $1.2 billion

The second contract awarded by Petrobel, a joint venture between Eni SpA and the Egyptian General Petroleum Corporation.
16.12.22 | Source: MarketScreener

Italy's Saipem SpA on Thursday said that it has won two offshore contracts from Exxon Mobil Corp. and Petrobel for a total amount of around $1.2 billion in Guyana and Egypt.


The energy contractor said the contract awarded by ExxonMobil Guyana is for an oil-field development project in the Stabroek block, and is subject to government approvals.


The second contract awarded by Petrobel, a joint venture between Eni SpA and the Egyptian General Petroleum Corporation, is for the transportation, installation and pre-commissioning of 170 kilometers of umbilicals for the Zohr Field.

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