Saipem opens offshore construction facility in Guyana.

Italian multinational oilfield services company Saipem on Saturday opened an offshore construction facility in Guyana after noting the need for fabrication services in the country’s booming oil industry. It has so far been granted three large-scale engineering, procurement, construction, and installation (EPCI) contracts for subsea, umbilicals, risers and flowlines (SURF) by ExxonMobil’s local affiliate, Esso Exploration & Production Guyana Limited (EEPGL), for the development of Liza Phases 1 and 2, and Payara.