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

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A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa's harbour

A Saipem logo in seen on the bridge of the Saipem 10000 deepwater drillship in Genoa’s harbour, Italy, November 19, 2015. REUTERS/Alessandro Garofalo/File Photo Acquire Licensing Rights

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.

Reporting by Alvise Armellini, editing by Federico Maccioni

Our Standards: The Thomson Reuters Trust Principles.

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