Oil & Gas News

Saipem Achieves New Milestone with the Start of Production of the Payara Oil Field

Saipem has reached a new and important project milestone by contributing to the start of production of the Payara oil field, offshore Guyana, operated by the consortium comprising ExxonMobil, Hess and CNOOC.

Saipem contributed to the project development by providing engineering, procurement, construction and installation of the underwater facilities. Saipem installed over 130 km of thick rigid pipelines and risers in approximately 2,000 m water depth. The contract was fully released in 2020 by ExxonMobil Guyana Limited. Saipem's leading assets such as FDS2 and Saipem Constellation were deployed to carry out the project.

Furthermore, Saipem used its Fabrication Facility in Georgetown, Guyana for the fabrication of 48 rigid jumpers, ensuring important local activity and enhancing sustainable investment in the country.

Saipem has a consolidated presence in the country, having previously contributed to the development of the two phases of the Liza Project and to the start of Yellowtail Project execution.

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