Major players awarded contracts for significant upstream development project offshore Angola
(WO) – Azule Energy, via its wholly owned subsidiary Eni Angola SPA (Eni), together with its partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, have awarded the main contracts for the development of the Agogo Integrated West Hub Development Project. The development is one of Angola’s major upstream projects coming to fruition in the near future.
The project comprises 36 new wells (21 producers and 15 Injectors), one converted FPSO with capacity for 120,000 bpd of oil production, 230 MMscf per day of Gas Injection and 120,000 bpd of water injection. It will also entail approximately 100 km of rigid flowlines, 100 km of flexible flowlines and 100 km of umbilicals.
The Agogo Integrated West Hub will produce hydrocarbons from Agogo and Ndungu Fields via both the existing Ngoma FPSO and the new Agogo FPSO that will be operational from mid 2026, reaching a peak production of 175,000 bpd, thus fully exploiting the utilization and synergies with the existing infrastructures of the western area of the block 15/06.
The contracts are worth roughly $7.8 billion. Yinson won a contract for the supply of FPSO and Field Operations and Maintenance services. Baker Hughes was awarded a contract for the supply of Subsea Production Systems and Aftermarket Services.
Aker Solutions will supply Umbilical systems for the upstream development project, while Saipem will provide rigid flowlines and subsea structure transportation and installation. In addition, Subsea 7 won a contract to supply risers, flowlines and subsea structure transportation and installation.
TechnipFMC also snagged a contract win for the supply of risers and flowlines.
Adriano Mongini, Azule Energy CEO commented, “The signing of these contracts marks the start of a new wave of major investment in the deep water of Angola and it will deliver a significant value of activities for the country oil and gas industry. This project will also represent an important contribution towards the increase of the country’s oil production.”
Block 15/06 partners are Eni Angola SPA (36.84%, operator), Sonangol P&P (36.84%), and SSI Fifteen Limited (26.32%). Since the first oil in 2014, it has already produced over 300 million bbls from Ngoma and Armada Olombendo FPSOs.