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Saipem protects $3.7bn Angola agreements with TotalEnergies

Saipem secures $3.7bn Angola contracts with TotalEnergies

Italian business Saipem has actually protected 3 agreements valued at $3.7bn (€3.41bn) from TotalEnergies’ subsidiary for deal with the Kaminho job offshore Angola.

Granted by TotalEnergies EP Angola Block 20, the agreements are for the advancement of the Cameia and Golfinho oilfields approximately 100km off Angola’s coast.

The very first agreement includes the engineering, procurement, building and construction, transport and commissioning of the Kaminho drifting production storage and offloading (FPSO) vessel.

The 2nd agreement covers the operation and upkeep of the FPSO for a preliminary 12-year duration, with the possibility of an eight-year extension.

Saipem stated its experience with 3 other FPSOs running in Angola will be type in this stage.

The 3rd agreement includes a detailed subsea, umbilicals, risers and flowlines plan.

It consists of the engineering, procurement, supply, building and construction, setup, pre-commissioning and assistance for the commissioning and start-up of roughly 30km of 8in and 10in subsea flowlines, risers and umbilicals.

The structures for this job will be made at Saipem’s regional lawn in Ambriz.

For the overseas project, Saipem prepares to release its field advancement ship and engage the regional supply chain for logistics and fabrication activities.

The agreements follow TotalEnergies and its partners’ last financial investment choice on the $6bn Kaminho deepwater job.

The job, which is anticipated to begin production in 2028, intends to attain a production plateau of 70,000 barrels of oil daily.

TotalEnergies holds a 40% stake in Block 20, with Petronas Angola E&P and Sonangol P&P owning the staying shares.

Just recently, Saipem protected an $850m agreement from Azule Energy for the advancement of the Ndungu field, part of the Agogo Integrated West Center job, situated 180km off Angola’s coast.

The West Center job, located in overseas Block 15/06, is run by Azule Energy in collaboration with Sonangol P&P and SSI Fifteen.

“Saipem protects $3.7bn Angola agreements with TotalEnergies ” was initially developed and released by Offshore Innovation, a GlobalData owned brand name.


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