Saipem awards shipyard CMHI contract for Angola project

Angola

LUANDA, July 17, 2024 – Italy’s Saipem has awarded a contract to Chinese shipyard China Merchants Heavy Industry (CMHI) to build an FPSO for TotalEnergies’ USD 6-billion Kaminho project in Angola, Upstream Online reported on Wednesday.

CMHI has already begun engineering work for the FPSO at its Nantong facility, following Saipem securing a dry dock slot. The contract follows TotalEnergies awarding Saipem three contracts for the Kaminho project worth USD 3.7 billion for the EPC of the FPSO, along with related supplies and services, in May 2024.

Formerly known as Cameia-Golfinho, the Kaminho project is the first large deepwater development in the Kwanza basin and comprises the conversion of a VLCC to an FPSO which will be connected to a subsea production network. Production is expected to commence in 2028, with a plateau of 70,000 bopd.

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