Monday, September 26, 2022

Saipem awarded US$900M in contracts for Angola’s first non-associated gas project

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Italian oil services company, Saipem was awarded three contracts totaling US$900 million for works on the Quiluma and Maboqueiro gas fields development project off the northwest coast of Angola.

The contracts were awarded by the New Gas Consortium comprised of BP’s and Eni’s recently established Azule Energy, and Sonangol P&P, Chevron, and TotalEnergies, which last month, reached Final Investment Decision (FID).

Saipem will be handling the engineering, procurement, and construction, including hook-up and commissioning assistance, of the Quiluma platform and of the relevant onshore natural gas processing plant.

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The project includes two offshore wellhead platforms, an onshore gas processing plant and a connection to Angola LNG plant for the marketing of condensates and gas via liquefied natural gas (LNG) cargoes. Construction activities are expected to start in 2022, with a first gas planned in 2026 and an expected production of 330 million standard cubic feet per day (mmscf/day).

It is the first non-associated gas project in Angola.

Saipem said in an announcement on Thursday that the contracts confirm customers’ trust in the company for the execution of complex projects both in terms of technology and logistics, carried out in line with local content and with the highest environmental sustainability standards.

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The New Gas Consortium partners encompass Eni (25.6%, operator), Chevron affiliate CABGOC (31%), Sonangol P&P (19.8%), bp (11.8%) and TotalEnergies (11.8%).

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