Ver Angola


Azule Energy signs oil exploration contracts in Block 15/06 worth 7.8 billion

This Monday, Azule Energy signed contracts worth around 7.8 billion dollars with six companies for the development of the West Hub Agogo Integrated Development Project in Block 15/06.

: Pedro Parente/Angop
Pedro Parente/Angop  

"Azule Energy, through its wholly owned subsidiary Eni Angola SPA (Eni), together with its Partners in Block 15/06, Sonangol P&P and SSI Fifteen Limited, are pleased to announce the award of the main contracts for the development of the Project of Integrated Development West Hub Agogo, one of the major upstream projects to be developed in the coming years in Angola", said the company, in a statement to which VerAngola had access.

In this way, the company adds, the contracts - with a global value of around 7.8 billion dollars - were awarded to the companies Yinson, Baker Hughes, Aker Solutions, Saipem, Subsea 7 and TechnipFMC.

According to the statement, Yinson will be responsible for providing a Floating Production, Storage and Offloading Unit (FPSO) and field operations and maintenance services.

Baker Hughes will supply the Subsea Production System and After-Sales Services while Aker Solutions will supply the umbilical system.

In turn, adding a note, Saipem will supply rigid pipelines, transport and installation of subsea structures, Subsea 7 will serve for the transport and installation of risers, pipelines and subsea structures while TechnipFMC will serve for the supply of risers and pipelines.

Cited in the statement, Adriano Mongini, CEO of Azule Energy, said that the "signing of these contracts marks the beginning of a new wave of large investments in Angola's deep waters and will bring a significant amount of activities to the oil and gas industry of the country".

"This project will also represent an important contribution to increasing the country's oil production," he added.

The CEO of Azule Energy also said that the "support from the Ministry of Mineral Resources and Petroleum of Angola and the National Concessionaire (ANPG) has been essential in finalizing this new integrated development project".

Diamantino Azevedo, Minister of Mineral Resources, Oil and Gas, quoted by Angop, classified the implementation of this project as a special time for the national oil industry, as it helps to stabilize oil production in Angola, as well as the maintenance and creation of new jobs, having also highlighted that the heading of contracts shows that the national oil industry remains alive and persevering, and the partners continue to carry out their investments to sustain the country's progress and the contribution to improve the quality of life of the citizens .

Said project, according to the statement from Azule Energy, comprises 36 new wells (21 producers and 15 injectors), a converted FPSO with capacity for 120,000 barrels of oil per day, among others, and will also involve around 100 kilometers of rigid pipelines, 100 kilometers of flexible pipelines and 100 kilometers of umbilicals.

The project will produce hydrocarbons from the Agogo and Ndungu fields, through the FPSO Ngoma, which already exists, and the new FPSO Agogo "which will be operational from mid-2026, reaching a peak production of 175,000 barrels of oil/day, exploring maximizing the use and synergies with the existing infrastructures in the west zone of Block 15/06, in order to optimize the project schedule and associated cost", says the statement.

It should be noted that Block 15/06 is owned by Eni Angola SPA (36.84 percent, and is the operator), Sonangol P&P (36.84 percent) and SSI Fifteen Limited (26.32 percent) .


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