Oil and gas contractor Saipem has been awarded two contracts for the Kaombo project by the operator Total worth £2.4billion.
The main contract , worth more than £1.8billion covers the engineering, procurement, installation and commissioning of two floating production, storage and offloading units (FPSO) for the Angolan project.
The company will also provide operation and maintenance services of the two vessels after securing a second, seven-year deal.
The two converted FPSOs will each have an oil treating capacity of 115,000 barrels per day, a 100million standard cubic feet gas compression capacity and a storage capacity of 1.7 million barrels of oil.
They will support the development of the deep-water field in block 32, offshore Angola, which holds an estimated 650million barrels of oil equivalent.
On top of the two FPSOs, the Kaombo development scheme includes 59 subsea wells on six discoveries covering an area of 800 square kilometres in the central and southeast part of the block.
Saipem joins Aker as the first companies to secure contracts for the project, which had been delayed due to a dispute between the joint partners in the venture over high capital expenditure (capex) costs involved.
The oilfield services firm had won a £1.4billion deal to provide subsea production systems for the project, just one day after Total reduced the capex bill to £9.6billion early this week.
The French multinational owns a 20% interest in the project. It is partnered by Sonangol P&P (30% interest), Sonangol Sinopec International (20%) and ExxonMobil (15%).
Recommended for you
