Africa-Press – Angola. About US$7.8 billion is the global value of the award of six contracts for the West Hub Agogo Integrated Development Project of the oil company Azule Energy, through its subsidiary Eni, together with Sonangol P&P and SSI Fifteen Limited, both partners in Block 15/06.
For the operationalization of this project, Azule Energy formalized, this Monday, in Luanda, the respective contracts to the companies “Yinson”, which will have the mission of supplying a Floating Production, Storage and Transfer Unit (FPSO, in English) and of field operation and maintenance services.
Also on the list of companies awarded to “Baker Hughes”, which will supply the Subsea Production System and Spare Parts Services, “Aker Solutions”, for the supply of the umbilical system.
Also part of the companies that initialed the contracts, “Saipem”, for the supply of rigid oil pipelines, transport and installation of underwater structures, “Subsea 7”, for the transport and installation of risers, oil pipelines and underwater structures, as well as “ TechnipFMC”, which will supply risers and pipelines.
According to the CEO of Azule Energy, Adriano Mongini, the West Hub Agogo Integrated Development Project is the largest deepwater project in the country, which will consist of 36 wells, a converted FPSO, with a production capacity of 120,000 barrels of oil /day, equivalent to approximately 100 kilometers of rigid, flexible and umbilical pipelines.
With this, he added, the Italian oil company aims to reach a production of 175,000 barrels of oil per day, taking advantage of synergies with existing infrastructure in the western area of Block 15/06, with a view to optimizing the project schedule and costs. associates.
He announced that the project, to be developed in two main fields, Agogo and Ndungu, was conceived for the production of the new fields to optimize the recovery of several fields in the West Hub, still in production during the decline phase.
As for decarbonization, Adriano Mongini referred that the most advanced technologies were implemented in FPSO Agogo to reduce emissions, which will result in the reduction of carbon dioxide emissions in Block 15/06, despite the increase in oil production.
With regard to local content, the manager envisaged that the value of goods and services produced directly and indirectly along the value chain, by 2044, would rise to US$5.6 billion, with an annual average of direct and indirect jobs of close to one thousand and 400 jobs.
On the occasion, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, considered the implementation of the said project as a special moment for the Angolan oil industry, as it contributed to the stabilization of oil production in the country and the maintenance and creation of new posts. of work.
He also underlined that the signing of new contracts demonstrates that the oil industry in Angola is still alive and persistent, whose partners continue to carry out their investments to support the country’s development and contribute to the improvement of the population’s quality of life.
The Integrated West Hub Agogo project will produce hydrocarbons from the Agogo and Ndungu fields, through the FPSO Ngoma, already in operation, and the new FPSO Agogo that will start operating in mid-2026, forecasting a production of 175,000 barrels per day.
Since its start of production, in 2014, Block 15/06 has already produced over 300 million barrels, from the FPSO Ngoma and Armada Olumbendo, whose partners are the Azule Energy subsidiary Eni SPA (36.84%, operator), Sonangol P&P (36.84%) and SSI Fifteen Limited (26.32%).
Azule Energy is the new joint venture that brings together the businesses of BP and Eni in Angola, officially launched on August 1, 2022. This oil company is currently the largest oil and gas producer in Angola, with two billion barrels of liquid resources, with an expected increase in oil and gas production to approximately 250,000 barrels per day over the next four years.
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