By Giulia Petroni

 

Italy's Saipem SpA on Thursday said that it has won two offshore contracts from Exxon Mobil Corp. and Petrobel for a total amount of around $1.2 billion in Guyana and Egypt.

The energy contractor said the contract awarded by ExxonMobil Guyana is for an oil-field development project in the Stabroek block, and is subject to government approvals.

The second contract awarded by Petrobel, a joint venture between Eni SpA and the Egyptian General Petroleum Corporation, is for the transportation, installation and pre-commissioning of 170 kilometers of umbilicals for the Zohr Field.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

(END) Dow Jones Newswires

December 15, 2022 08:32 ET (13:32 GMT)

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