In a launch posted on its web site, Saipem revealed that it has been awarded three new contracts price an general quantity of $3.7 billion by TotalEnergies EP Angola Block 20 for the Kaminho venture situated offshore the nation.
Based on the discharge, one of many offers refers back to the Engineering, Procurement, Building, Transportation and Commissioning of the Kaminho Floating Manufacturing Storage and Offloading (FPSO) vessel.
One other contract contains the Operation and Upkeep (O&M) of the FPSO for a agency interval of 12 years, with a possible eight yr extension, and the opposite includes the Engineering, Procurement, Provide, Building, Set up, Pre-Commissioning and Help for the commissioning and start-up of a Subsea, Umbilicals, Risers and Flowlines (SURF) bundle, Saipem revealed within the launch.
“For the offshore marketing campaign, and particularly for the J-lay vessel, Saipem will deploy its FDS and can broadly contain the native provide chain for logistics and fabrication actions,” Saipem famous within the launch.
“The joint award of the SURF, FPSO, and O&M contracts confirms the competitiveness of Saipem’s built-in enterprise mannequin, specifically the corporate’s distinctive functionality to supply offshore and plant venture administration and engineering providers, mixed with a state-of-the-art fleet and native fabrication capability,” it added.
In a launch posted on its web site this week, TotalEnergies introduced that its CEO and Chairman, Patrick Pouyanné, met in Luanda with João Lourenço, the President of Angola, Diamantino Azevedo, the Minister of Mineral Sources, Oil & Gasoline (MIREMPET), Paulino Jerónimo, the Chairman and CEO of ANPG, and Gaspar Martins, the Chairman and CEO of Sonangol, to announce the Last Funding Resolution (FID) of the Kaminho deepwater improvement.
The Kaminho venture is the primary massive deepwater improvement within the Kwanza basin, the discharge famous, including that it contains the conversion of a Very Massive Crude Service (VLCC) to an FPSO unit, which will likely be related to a subsea manufacturing community.
“Designed to reduce greenhouse gasoline emissions and eradicate routine flaring, this FPSO is all-electric and related gasoline will likely be absolutely reinjected into the reservoirs,” TotalEnergies mentioned within the launch.
“Manufacturing start-up is anticipated in 2028, with a plateau of 70,000 barrels of oil per day”, the corporate added.
TotalEnergies holds a 40 p.c curiosity within the improvement, Petronas additionally has a 40 p.c stake, and Sonangol holds the remaining 20 p.c curiosity, TotalEnergies’ website highlights.
Earlier this month, Saipem introduced in a separate launch that it had been awarded a brand new offshore contract by Azule Power Angola S.p.A. for the event of the Ndungu Subject as a part of the Agogo Built-in West Hub Challenge. The worth of that contract is round $850 million, in accordance that launch.
“Saipem’s scope of labor entails the engineering, fabrication, transportation and set up of roughly 60km of inflexible pipelines and of the subsea services at a depth of round 1,100 meters, and the transportation and set up of versatile flowlines, jumpers and 17 km of umbilicals,” the corporate famous within the launch.
“Fabrication actions will likely be executed at Saipem’s Ambriz yard, in Angola. For the offshore set up marketing campaign Saipem expects to deploy its FDS vessel, for the transportation and laying actions of the inflexible pipelines,” it added.
“The award of this vital venture additional consolidates Saipem’s positioning in Angola, each in deep waters and in shallow waters, by means of the availability of revolutionary and environment friendly options to cut back set up instances,” it continued.
Saipem describes itself as a worldwide chief within the engineering and building of main tasks for the power and infrastructure sectors, each offshore and onshore. The corporate is current in additional than 50 international locations all over the world and employs about 30,000 folks of over 120 nationalities, its website notes.
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