Angola: Saipem collects $3.7 billion for work on TotalEnergies' Kaminho field

Saipem has won three new contracts from TotalEnergies for the Kaminho project, for the development of the Cameia and Golfinho oil fields offshore Angola, worth $3.7 billion.

The first of the contracts, awarded by TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, covers the engineering, procurement, construction, transportation and commissioning of the floating production, storage and offloading (FPSO) vessel Kaminho.

The second contract covers the operation and maintenance (O&M) of the same FPSO vessel for a firm 12-year period, with a potential 8-year extension, drawing on the expertise acquired from three other FPSOs currently operating in Angola.

The third contract covers the engineering, procurement, supply, construction, installation, pre-commissioning and assistance for the commissioning and start-up of a subsea package, umbilicals, risers and flowlines (SURF) comprising around 30 km of 8″ and 10 " subsea flowlines and risers, and umbilicals.

The associated structures will be manufactured at Saipem's local yard in Ambriz, said the Italian contractor.

For the offshore campaign, and specifically for the J-lay vessel, Saipem will deploy its FDS and extensively involve the local supply chain for logistics and fabrication activities.

As a reminder, TotalEnergies and its partners Petronas and Sonangol signed a Final Investment Decision (FID) for the Kaminho project on May 21, 2024, aiming for production start-up in 2028.

The production plateau for the development is expected to be 70,000 barrels of oil per day, according to TotalEnergies.