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Azule Energy has awarded several contracts worth some $7.8bn to international services companies for the development of its Agogo West Hub Integrated Project offshore Angola. The company is owned by bp and Eni. The project comprises 36 new wells producing via a 120,000 bopd FPSO vessel with a gas injection capacity of 230 MMscf/d and water injection capacity of 120,000 bpd. It will develop the Agogo and Ndungu fields, located on the West Hub of Block 15/06 where Eni already operates two FPSO units: N’Goma on the West Hub and Olombendo on the East Hub. The N’Goma FPSO will also be utilized to produce from both fields, enabling a production peak of 175,000 bpd by 2026. Agogo is significant for Angola as it marks the first major greenfield project awarded in the country since TotalEnergies’ Kaombo FPSO was commissioned on Block 32 in 2018. All market activity since then has focused on brownfield projects, including subsea tie-back schemes maximizing the use of existing FPSO units. As per the contracts signed this week, Yinson will be supplying the Agogo FPSO along with field operations & maintenance services, under a 15-year contract worth some $5.3bn. The contract includes an extension option of five years and represents Yinson’s first offshore production project in Angola. “FPSO Agogo is expected to commence operations in Q4 2025,” Yinson said in a statement. In December last year, Yinson awarded a $127m contract to WS Engineering & Fabrication, a subsidiary of Singapore’s Wah Seong Corporation, for the FPSO’s topside modules. Baker Hughes was awarded a contract to provide subsea equipment and services, including 23 standard subsea trees, 11 Aptara manifolds, StemStar5 fibre optic controls and the related system scope of supply. “A significant portion of the equipment will be manufactured, assembled and tested in Angola,” the company said in a statement. Subsea7 was awarded a contract worth between $300-500m covering the transport and installation of approximately 98 km of flexible pipes, 30 km of umbilicals, and associated subsea structures. Fabrication will take place locally at the Sonamet yard in Lobito. Aker Solutions was awarded a contract worth between $50-145m (NOK 500m-1bn) for the engineering, manufacturing and delivery of 36km of dynamic and static subsea production control umbilicals, including spares, ancillary equipment and services. Manufacturing will be done in Norway. Aker Solutions already delivered a similar order in the early 2010s for the N’Goma West Hub Development, data from the Hawilti+ Research Terminal shows. Finally, Saipem was awarded a contract for the supply, transport and installation of rigid flowlines and subsea structure; while TechnipFMC was selected for the engineering, procurement, and supply of jumpers, flowlines, risers, and all associated ancillary equipment under a contract worth $250-500m. Both companies are familiar with Block 15/06 and have already executed several contracts on the development of the West and East hubs with the FPSOs N’Goma and Olombendo, according to the contractors information on Block 15/06 provided by Hawilti+.
Shell has signed an Exploration & Production Contract (CEP) with the Ministry of Petroleum, Mines and Energy of Mauritania for offshore Block C2. The block is located just south of C10, another license already operated by Shell E&P Mauritania since 2018, and east of C8 where bp has discovered the BirAllah and Orca gas fields. The signing of the new CEP with Shell was approved by Mauritania’s Cabinet last week. The Government also approved the signing of an amendment to Block C10.
