Saipem has been awarded three new contracts (one onshore and two offshore) by the New Gas Consortium composed by two wholly owned subsidiaries of Azule Energy (Eni Angola Exploration B.V. and BP Exploration (Angola) Limited), Sonangol P&P, Chevron, TotalEnergies, for the Engineering, Procurement and Construction (EPC) activities relevant to the Quiluma & Maboqueiro fields development project off the northwest coast of Angola.

With an overall value of around 900 million USD, Saipem is taking care of the engineering, procurement and construction, including hook-up and commissioning assistance, of the Quiluma platform and of the relevant onshore natural gas processing plant. This confirms customers’ trust in Saipem for the execution of complex projects both in terms of technology and logistics, carried out in line with local content and with the highest environmental sustainability standards. In particular, this is the first project carried out in Angola relevant to a “Non-Associated Gas” field.

The participation in the said development initiatives in the “Lower Congo Basin”, that will provide the Angola LNG plant with additional gas volumes for both international and domestic market, consolidates Saipem's strategic positioning in West Africa and in Angola, where the company has been working for over 40 years.

Quiluma and Maboqueiro (Q&M) fields

In July 2022, Eni and its Partners in the New Gas Consortium (NGC), Chevron’s affiliate in Angola Cabinda Gulf Oil Company (CABGOC), Sonangol P&P, bp and TotalEnergies, together with Angola’s National Agency for Oil, Gas and Biofuels ANPG, announced that the Final Investment Decision (FID) for the development of the Quiluma and Maboqueiro (Q&M) fields has now been taken by the Consortium. This is Angola’s first non-associated gas development project.

The project includes two offshore wellhead platforms, an onshore gas processing plant and a connection to Angola LNG plant for the marketing of condensates and gas via LNG cargoes. Project execution activities will start in 2022 with a first gas planned in 2026 and an expected production of 330 mmscf/day at plateau (approximately 4 billion cubic meters/year).

The sanctioning of the Q&M Project is an important milestone towards unlocking new undeveloped sources of energy, sustaining a reliable supply of gas to the Angola LNG plant, and fostering the continued economic and social development of Angola.

The New Gas Consortium partners encompass Eni (25.6%, operator), Chevron affiliate CABGOC (31%), Sonangol P&P (19.8%), bp (11.8%) and TotalEnergies (11.8%).

Eni holds a 13.6% interest in Angola LNG, together with Chevron affiliate CABGOC (36.4%), Sonangol (22.8%), bp (13.6%) and TotalEnergies (13.6%). The plant is located in Soyo, Province of Zaire and has a treatment capacity of approximately 353 bcf a year of feed gas and a liquefaction capacity of 5.2 mmtonnes a year of LNG.

KeyFacts Energy Industry Directory: Saipem