ExxonMobil Mozambique Limitada has awarded a Letter of Intent to the SMDC joint venture for the midstream execution of the Rovuma LNG Phase 1 project. Comprising McDermott, Saipem, Daewoo Engineering & Construction and CPECC, the consortium will perform initial design, procurement and constructability tasks. The $18.6\text{ million tonne}$ per year facility targets a Final Investment Decision in 2026, ahead of scheduled 2031 commercial operations.
Saipem has secured a significant offshore contract valued at approximately 425 million USD for the Sakarya gas field development in the Black Sea. The agreement with Turkish Petroleum OTC involves the extension of the third phase of the project to include the recently discovered Goktepe field. This expansion requires the installation of 153 km of pipelines and subsea structures at depths of 2,200 meters. The project aims to increase production capacity to meet growing energy demands.
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