Italy’s Largest Oil & Gas Contractor Gets the Most of the French Major’s New Angolan Project - Africa’s premier report on the oil, gas and energy landscape.

Italy’s Largest Oil & Gas Contractor Gets the Most of the French Major’s New Angolan Project

Italian engineering firm, Saipem, says it has clinched three new contracts awarded by TOTALEnergies E&P Angola Block 20 for the 70,000Barrels of Oil Per Day (peak) Kaminho project for an overall amount of $3.7Billion

TOTAL itself, in announcing the Final Investment Decision for the Angolan deepwater facility, cost the project at $6Billion.

In effect, Saipem has been awarded contracts worth 62% of the full project cost.

“The first contract refers to the Engineering, Procurement, Construction, Transportation and Commissioning of the Kaminho Floating Production Storage and Offloading (FPSO) vessel”, Saipem announced. “The second contract entails the Operation and Maintenance (O&M) of the same vessel FPSO for a firm period of 12 years with a potential 8-year extension, leveraging on the expertise acquired from three other FPSOs currently operating in Angola”, the company explained.

“The third contract involves the Engineering, Procurement, Supply, Construction, Installation, Pre-Commissioning and Assistance for the commissioning and start-up of a Subsea, Umbilicals, Risers and Flowlines (SURF) package which includes approximately 30 km of 8” and 10″ subsea flowlines and risers, and umbilicals”.

Saipem says that the associated structures will be fabricated in Saipem’s local (Petromar) yard in Ambriz, a municipality in Bengo Province located 180 kilometres north of the capital Luanda

“For the offshore campaign, and specifically for the J-lay vessel, Saipem will deploy its FDS and will widely involve the local supply chain for logistics and fabrication activities”, the company notes.

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