Saipem S.p.A. has secured a subsea contract worth approximately $350 million for work on Azule Energy's West Hub Tails project offshore Angola, part of the broader Agogo Integrated West Hub Development in Block 15/06, located roughly 180 km off the Angolan coast. Under the deal, Saipem will handle engineering and fabrication of subsea equipment and transport and install about 62 kilometers of flowlines, risers and umbilicals, tied back to the Agogo floating production, storage and offloading vessel. Offshore work will use the construction vessels FDS and Normand Maximus, while fabrication takes place at Saipem's Ambriz yard in Angola using local labor, with the contract expected to run nearly 2.5 years. The project extends the productive life of the Sangos, Ochigufu, Mpungi and Vandumbu fields by redirecting production from the Ngoma FPSO, which began operating in 2014 and is nearing the end of its design life, to the newer, lower-emissions Agogo FPSO. Azule Energy is a joint venture owned by Eni and BP.
Saipem SpASaipem secured a ~$350M subsea contract for Azule Energy's West Hub Tails project offshore Angola, a concrete order win.
BP PLC
Eni S.p.A.
Par Pacific Holdings Inc
Valero Energy Corporation