TotalEnergies, along with its Block 20/11 partners, Petronas and Sonangol (20%), announced the Final Investment Decision (FID) of the Kaminho project to develop the Cameia and Golfinho fields, situated 100 km off the coast of Angola, at 1,700 m of water depth. Saipem has been awarded three engineering, procurement, and construction (EPC) contracts worth over USD 3.7 billion for the Kaminho oilfield project in Angola.

The operator TotalEnergies holds 40 percent of the block, PETRONAS Angola E&P holds 40 percent of the participating interest in the block, and Sonangol P&P holds the remaining 20 percent. The Kaminho project, which is the first large deepwater development in the Kwanza basin, comprises the conversion of a Very Large Crude Carrier (VLCC) to a Floating Production Storage and Offloading (FPSO) unit, which will be connected to a subsea production network. 

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Designed to minimize greenhouse gas emissions and eliminate routine flaring, this FPSO is all-electric, and associated gas will be fully reinjected into the reservoirs. Production start-up is expected in 2028, with a daily plateau of 70,000 barrels of oil. The Kaminho project will involve over 10 million man-hours in Angola, mainly with offshore operations and construction at local yards.

EPC Contract Details

For the Kaminho project involving the development of the Cameia and Golfinho oil fields, which are located about 100 km off the coast of Angola, TotalEnergies EP Angola Block 20, a subsidiary of TotalEnergies, has awarded Saipem three new contracts. The overall amount of the contracts is USD 3.7 billion. The scope of the three contracts is given below:

1. The first contract refers to the engineering, procurement, construction, transportation, and commissioning of the Kaminho Floating Production Storage and Offloading (FPSO) vessel.
2. The second contract entails the operation and maintenance (O&M) of the same vessel, FPSO, for 12 years with a potential 8-year extension, leveraging on the expertise acquired from three other FPSOs currently operating in Angola.
3. The third contract involves the engineering, procurement, supply, construction, installation, pre-commissioning, and assistance for the commissioning and start-up of a Subsea, Umbilicals, Risers, and Flowlines (SURF) package.

Read: Saipem Secures $850 Million Contract for Ndungu Field Project in Angola

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