Subsea7 wins ‘large’ contract for offshore Angola project

Subsea7 wins ‘large’ contract for offshore Angola project

London-headquartered Subsea 7, a subsea engineering, construction and services company, announced on Monday that it secured a large contract from an independent oil and gas producer Azule Energy for the Agogo Integrated West Hub Development Project, offshore Angola.  

Subsea7 defines a large contract as being between $300 million and $500 million, the company said.

Azule Energy is an equally owned oil and gas producer by Britain’s BP and Italy’s Eni.

The contract scope includes transporting and installing nearly 98 kilometres of flexible pipes, 30 km of umbilicals, and associated subsea structures in water depths of around 1,700 metres.

Project management and engineering have commenced and will be managed from Subsea7’s offices in Angola, France, UK and Portugal.

Fabrication will take place at the Sonamet yard in Lobito. Offshore operations are planned between fourth quarter 2024 and fourth quarter 2025.

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