LNG

May 20 (LNGJ) - Saipem, the Italian energy and LNG engineering company specialising in subsea work, has been awarded a new offshore contract by Azule Energy of Angola, a joint venture between Italy’s Eni and UK major BP. The contract, valued at $850 million, is for the development of the Ndungu Field as part of the Agogo Integrated West Hub Project, located 180 kilometres off the coast of Angola.

   Saipem said the scope of work entailed the engineering, fabrication, transportation and installation of around 60km of rigid pipelines and of the subsea facilities at a depth of around 1,100 metres, as well as the transportation and installation of flexible flowlines, jumpers and 17km of umbilicals. “Fabrication activities will be executed at Saipem’s Ambriz yard in Angola,” said Saipem.

Italian energy company Eni has upgraded the resources by more than three times in the Ndungu field offshore the LNG-producing nation of Angola and said the move showed how improved technology can alter the profile and economic viability of a discovery.

Eni of Italy has achieved the start-up of the Cabaça North project offshore Angola as the southwest African nation has also just awarded nine onshore licences to 14 companies for blocks in the Congo River basin and a basin further to the south.