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Saipem Lands $350M Contract for West Hub Tails Project in Angola

Zacks Investment Research·
Saipem Lands $350M Contract for West Hub Tails Project in Angola

Saipem has won a $350 million subsea contract for Azule Energy's West Hub Tails project offshore Angola. The work includes engineering, fabrication, and installation of 62 km of flowlines, risers, and umbilicals tied to the Agogo FPSO. The project will extend the productive life of four mature fields by rerouting production from the aging Ngoma FPSO to the newer Agogo FPSO over approximately 2.5 years.

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