Azule Energy has awarded $7.8 billion in contracts for the Agogo integrated west hub development project offshore Angola to Yinson Production, Baker Hughes, Aker Solutions, Saipem, Subsea7 and TechnipFMC.
The sanctioned deepwater Agogo hub project in Block 15/06 will develop the Agogo and Ndungu fields with 21 new production wells and 15 injection wells, Azule said in a Feb. 27 press release. The fields will produce to both the existing Ngoma FPSO and the new Agogo FPSO. The converted FPSO will have capacity for 120,000 bbl/d of oil, 230 MMcf/d of gas injection and 120,000 bbl/d of water injection. Peak production is expected at 175,000 bbl/d.
Yinson will supply the FPSO along with field operations and maintenance services. The company said in a Feb. 28 press release that the contract was valued at $5.3 billion and had a firm 15-year period with the option to extend for five more years.
Baker Hughes will supply subsea production system and aftermarket services. It said in a Feb. 28 press release that the contact includes 23 standard subsea trees, 11 Aptara manifolds, SemStar5 fiber optic controls and the related system scope of supply. A significant portion of the equipment will be manufactured, assembled and tested in Angola.
Aker Solutions will supply the umbilical system. The company said in a Feb. 28 press release its Agogo contract includes the engineering, manufacturing and delivery of a complete umbilical system totaling about 36 km of both dynamic and static subsea production control umbilicals including spares, as well as ancillary equipment and services. Aker Solution’s Moss, Norway, facility will manufacture the umbilicals, with planned delivery in the second quarter of 2024.
Saipem will supply rigid flowlines and subsea structure transportation and installation.
Subsea7 will transport and install the risers, flowlines and subsea structures. In a Feb. 28 press release, Subsea7 said the contract scope includes the transport and installation of approximately 98 km of flexible pipes, 30 km of umbilicals and associated subsea structures in water depths of around 1,700 m. It has begun project management and engineering from offices in Angola, France, the U.K. and Portugal. Fabrication will take place at Subsea7’s Sonamet yard in Lobito. The company plans to carry out offshore operations between the fourth quarter of 2024 and the fourth quarter of 2025.
TechnipFMC will supply the risers and flowlines. It said in a Feb. 28 press release that the contract is one of the largest awards the company has received for flexible pipe in West Africa. The contract includes the engineering, procurement and supply of jumpers, flowlines, risers and all associated ancillary equipment. The flexible pipe will connect the new Agogo facility to the subsea production systems.
Eni Angola SPA, a wholly owned subsidiary of Azule Energy, operates Block 15/06 with 36.85% interest on behalf of partners Sonangol P&P with 36.84% and SSI Fifteen Limited with 26.32%.
Market Watchers: Oil, Gas Demand to Overtake Supply by Year’s End
2023-03-23 - Dennis Kissler, senior vice president of BOK Financial’s trading division, discusses supply and demand and the gambles ahead for the market.
Capstone Secures Follow-on Order for Microturbines
2023-03-23 - Horizon Power Systems commissioned two microturbines from Capstone Green Energy to power a remote natural gas compression facility in Wyoming’s Green River Basin.
Freehold Promotes Rob King to COO, Susan Nagy to VP Business Development
2023-03-22 - Freehold Royalties’ Susan Nagy will replace Rob King as vice president of business development following King’s promotion to COO.
Venezuela’s Maduro Taps PDVSA Head for Petroleum Ministry
2023-03-22 - Venezuela’s President Nicolás Maduro tapped PDVSA President Pedro Rafael Tellechea Ruiz as the OPEC country’s new petroleum minister to replace Tareck El Aissami.
Q&A: EnCap’s Thielemann: Private Equity ‘Survivors’ Poised to Thrive
2023-03-21 - EnCap private equity veteran Brad Thielemann discusses the role of private equity in traditional oil and gas investing — including the need to ramp up investments to meet demand — as well as its trajectory for financing the transitions ahead.