Italy’s Saipem is poised to kick off work on a large subsea, risers, flowlines and umbilicals (Surf) contract for ExxonMobil’s Uaru field development, the US supermajor’s fifth offshore development on the prolific Stabroek block offshore Guyana.

Saipem on Thursday confirmed the award, saying that “it has received from ExxonMobil Guyana and its Stabroek block coventurers the authorisation to proceed with the final phase of the Uaru oil field development project in Guyana”.

“In 2022, pending regulatory approvals, Saipem was awarded a large contract by ExxonMobil Guyana for the Uaru oil field development project”, located in water depths of around 2000 metres, the contractor noted.