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Saipem secures $1 billion energy deals
Posted 05.05.2011 09:36:16 av John Bradbury
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Italian offshore service group Saipem has landed new engineering and construction deals worth more than US $1 billion for projects in Brazil and China.

Saipem signalled a deal with Husky Oil China for development of the Liwan 3-1 deepwater gas field for which it will execute an EPCI contract scope involving engineering, procurement, construction and installation of  two 22-inch 79 kilometres (50 mile) pipelines, umbilicals, plus transport and installation of a subsea production which will be hooked up to a processing platform.

Liwan 3-1 lies in block 29/26 in the South China Sea in a water depth of 1,500 metres (4,920 feet) and is 300 kilometres (190 miles) offshore from Hong Kong.

Another deal with Petrobras will see Saipem perform EPIC services for development of the multi-billion barrel Guara and Lula Northeast pre-salt oil fields in the Santo Basin - in water depths of between 2,100 and 2,200 metres (6,888 – 7,200 ft).

Saipem will be installing an 18-inch 54 (34 mile) gas export pipeline which will connect a Guara FPSO to a subsea gathering manifold at the Lula field, and a second 18-inch 22 km (13.75 mile) gas line pipeline linking a Lula North East FPSO with the same subsea manifold.

Both projects are to executed by Saipem's newbuild FDS 2 (field development ship) in 2012 and 2013.
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