Saipem Bags Subsea Contract for Ndungu Field in Angola [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
“Saipem's scope of work entails the engineering, fabrication, transportation and installation of approximately 60 km [37.3 miles] of rigid pipelines and of the subsea facilities at a depth of around 1,100 meters [3,608.9 feet], and the transportation and installation of flexible flowlines, jumpers and 17 km [10.6 miles] of umbilicals”, Saipem said in a press release. Fabrication will be executed in Saipem's yard in Ambriz, Angola, while it expects to deploy its own vessel for the installation part of the work. “The award of this important project further consolidates Saipem's positioning in Angola, both in deep waters and in shallow waters, through the provision of innovative and efficient solutions to reduce installation times”, Saipem said in the announcement on its website. The already producing Ndungu, located about 130 kilometers (80.8 miles) from the coast and part of Block 15/06, is estimated to hold 800–1,000 million barrels of oil equivalent (MMboe) resources according
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