Italian engineering, drilling, and construction services giant Saipem has secured a new offshore contract with ExxonMobil in Guyana, covering the operator’s eighth oil discovery in the Stabroek block.

Worth around $150 million, ExxonMobil Guyana Limited awarded Saipem with a limited notice to proceed (LNTP) for the engineering, procurement, construction and installation (EPCI) of the subsea structures, umbilicals, risers, and flowlines (SURF) system for the Longtail project, located at a water depth of approximately 1,750 meters.