Saipem signs US$350 million West Africa offshore contracts

Image source: Saipem.Saipem has signed new offshore engineering and construction contracts in Angola and Nigeria, worth approximately US$350 million

In Angola, Saipem, through its jointly controlled Petromar company, won two different packages for the development of the southern part of the Mafumeira field.

The Mafumeira field is located approximately 30km off the Angolan coast, within Block 0.

The contracts have been awarded by Cabinda Gulf Oil Company (CABGOC), which is wholly owned by Chevron.

One of the contracts covers the engineering, procurement and pre-fabrication activities for subsequent offshore modifications and tie-in activities on the existing Mafumeira Norte platform.

It also covers the future Mafumeira Sul production platforms.

The other contract for Angola covers the engineering, procurement, fabrication and installation of an onshore pipeline portion connecting the field to the oil storage and export facilities in the Malongo Terminal.

Marine activities will be carried out within different timeframes between the fourth quarter of 2013 and the second quarter of 2015 according to Saipem.

Meanwhile in Nigeria, Saipem has been awarded contracts by Mobil Producing Nigeria Unlimited and by Aveon Offshore Ltd projects.

These contracts include the fabrication and installation of pipelines, ranging in diameter between 12 and 14 inches, and of risers and subsea spools in the Asasa, Usari and Edop fields.

The fields are located offshore the Akwa Ibom State, in south-eastern Nigeria, in a maximum water depth of 50 meters.

Saipem has also agreed to various changes in the scope of its work on existing E&C Offshore contracts.

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