The Italian multinational oilfield services company Saipem S.p.A, says it is moving forward with the establishment of a new offshore construction facility in Guyana in pursuit of the country’s efforts to create the infrastructure necessary to facilitate the country’s oil recovery pursuits. The firm says in its release that all of the construction work associated with the creation of the facility will be assigned to local contractors.
Saipem has also reportedly informed that the new facility will boast Guyana’s largest heavy-lift crane, though it is the news that the project is likely to provide employment for Guyanese contractors and crews that will spark the immediate-term interest here.
Earlier contracts from ExxonMobil – the key player in Guyana’s oil recovery pursuits – had been secured by Saipem, including contracts associated with the pursuit of both the Liza Phase 1 and Liza Phase 11 offshore field development projects in 2017 and 2018, respectively. Subsequently, the company was engaged for the final phase of the ExxonMobil Payara development.