Oil exploitation in Angola: nearly 10 billion dollars in contracts concluded since 2022

These contracts were signed with major international oil companies as part of the integrated development project of the “Oste Agogo” center, one of the largest exploration, drilling and production projects in Angola, said this platform focused on investments in the energy sector.

She said that the contract that mobilized the highest amount (7.8 billion dollars), was signed last February with the company Azule Energy, the largest independent oil and gas producer in Angola.

Another contract worth $900 million was signed in August 2022 with Saipem, an Italian multinational oil services company, for engineering, procurement and construction services that aim to develop the Quiluma fields. and Maboqueiro, located off Angola.

Separately, Sonadrill, a consortium in which state-owned Sonangol and international drilling solutions company, Seadrill, signed a $327 million extension contract last November to operate the vessel. “Libongos” drilling site for a period of 25 months.

Energy Capital & Power also reported that Sonadrill has extended the operating contract of its vessel “West Gemini”, which operates in ultra-deep water, to explore the coasts of Angola with an amount of 161 million dollars.

The contract signed in April 2022 remains in force for 18 months and will allow the ship to drill ten additional wells, with options to drill eight other wells, specifies the same source.

It also points out that the company “TechnipFMC” has obtained a contract of 250 million dollars with TotalEnergies, for the engineering services, the acquisition and the supply of flow lines and connectors in the sub-project sailor “Girassol Life Extension”.

The oil sector is a major axis of the Angolan economy. This southern African country member of OPEC ranks 16th in the world with 2.2% of world production

Par Le360 Africa (with MAP)

On 05/14/2023 at 3:27 p.m.

#Oil #exploitation #Angola #billion #dollars #contracts #concluded
2023-05-14 07:27:00

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