Italian contractor Saipem has awarded Chinese shipyard Merchants Heavy Industry (CMHI) a significant contract to deliver a floating production, storage and offloading (FPSO) vessel for TotalEnergies’ USD 6 billion Kaminho project offshore Angola.
The award, Upstream Online reported, marks a key milestone to monetise oil and gas deposits in Angola’s pre-salt Kwanza basin, which is pivotal for an Angolan government that aims to attract further investment in upstream activities, sustain oil production and stimulate development.
Kaminho — formerly known as Cameia-Golfinho — is the first deepwater development in the Kwanza basin, targeting the Cameia and Golfinho fields situated in 1700 metres of water, about 100 kilometres offshore.
CMHI has already begun engineering work for the FPSO at its Nantong facility, following Saipem securing a dry dock slot.
The contract follows TotalEnergies awarding Saipem three contracts for the Kaminho project worth USD 3.7 billion for the EPC of the FPSO, along with related supplies and services, in May 2024.
The Kaminho project comprises the conversion of a VLCC to a FPSO which will be connected to a subsea production network. Production is expected to commence in 2028, with a plateau of 70,000 bopd.
Other articles
