Saipem has secured authorisation from ExxonMobil Guyana to proceed with engineering, procurement, construction and installation (EPCI) activities at the Hammerhead offshore project. Located in the Stabroek block off Guyana, the project is located at a depth of approximately 1,000m. The EPCI contract value for the project is approximately $500m (€426.71m). The company announced on 2 April 2025 that it had received a limited notice to proceed, which allowed it to begin initial activities such as detailed ...