Saipem wins drilling awards for Azule Energy and Côte d'Ivoire

Tuesday, 22 November 2022
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Saipem, the Italian subsea and drilling company, has been awarded contracts in the LNG-producing nation of Angola for the Azule Energy joint venture and for wells in the Côte d'Ivoire where the West African nation is aiming to boost oil and gas production.

With the contracts just announced, Saipem said it had been awarded work in the offshore drilling segment for a total of €1.6 billion ($1.65Bln) since the beginning of 2022.

UK major BP and Italian energy company Eni formed the Azule Energy 50-50 joint venture company in Angola in March 2022.

Azule Energy has strong pipeline of new projects starting up over the next few years, including the new Agogo and PAJ oil projects in Blocks 15/06 and 31 respectively offshore Angola.

The venture will also develop the New Gas Consortium (NGC), the first non-associated gas project in the country, which will support the energy needs of Angola’s growing economy, its decarbonization path and strengthen its role as a global LNG player.

The Angola LNG plant is located 350 kilometres north of the capital Luanda in Soyo, at the mouth of the Congo River and is one of the world’s most modern LNG processing facilities.

BP and Eni have shared common goals for Azule Energy in achieving environmental and sustainability ambitions.

The Government of Côte d’Ivoire has large oil and gas discoveries with significant volumes of associated natural gas and the potential for its energy renaissance as a West African regional hub.

Saipem said the new drilling contracts are in the ultra-deep water segment for drilling operations with the sixth-generation drillship “Saipem 12000”.

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