News listings

energy-pedia development and production

Angola flagAngola

Middle East / Africa >>> Angola

Angola: Azule Energy signs main contracts for the 'Agogo integrated west hub development project' in Block 15/06 offshore Angola


01 Mar 2023

Photo - see caption

The contracts follow the Final Investment Decision for the Agogo Integrated West Hub Development project

Azule Energy, via its wholly owned subsidiary Eni Angola, together with its Partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, are pleased to announce the award of the main contracts for the development of the Agogo Integrated West Hub Development Project, one of the major upstream projects being developed in the coming years in Angola.

The contracts, for an overall value of around 7.8 billion US dollars, were awarded to:

  • Yinson for the Supply of the FPSO and Field Operations and Maintenance services;
  • Baker Hughes for the supply of Subsea Production System and Aftermarket Services;
  • Aker Solutions for the Supply of Umbilical System;
  • Saipem for the Supply Rigid Flowlines and Subsea Structure Transportation and Installation;
  • Subsea 7 for Risers, Flowlines and Subsea structures transportation and installation;
  • TechnipFMC for the Supply of Risers and Flowlines;

The project comprises 36 new wells (21 producers and 15 Injectors), one converted FPSO with capacity for 120.000 bbl/day of oil production, 230MMSCF/day of Gas Injection and 120.000 bbl/day of water injection. It will also entail approximately 100km of rigid flowlines, 100km of flexible flowlines and 100km 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 f 2026, reaching a peak of production of 175.000 Bbl / day, thus fully exploiting the utilization and synergies with the existing infrastructures of the western area of the block 15/06, in order to optimize the project schedule and associated cost.

Photo - see caption
Azure Energy's Angolan assets - including Block 15/06

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 oil production.

'The support provided by Angola’s Ministry of Mineral Resources and Petroleum and the National Concessionaire (ANPG), has been essential in finalizing this new integrated development project' Mr. Mongini added.

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 barrels from Ngoma and Armada Olombendo FPSOs.

Azule Energy is a 50/50 independent joint venture officially established on 1 August 2022, combining the bp and Eni Angolan businesses.

Original article link

Source: Azule Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 232

Completed Deals

Completed Upstream Deals: 6585

Company Profiles

Current Company Profiles: 2914

Corporate Activity

Current Corporate Activity articles: 4157

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1663

Geostudies

Current Geostudies articles: 974

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Government of South Australia
Telos NRG
Rose & Assocs
Union Jack Oil 149
Merlin
energy365
Syntillica
Bayphase
OPC
Borchwix
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com