Fossil Energy – FPSO Order
Italian contractor Saipem has awarded Chinese shipyard Merchants Heavy Industry (CMHI) a contract to deliver a floating production, storage and offloading (FPSO) vessel for TotalEnergies’ USD 6 billion Kaminho project offshore Angola.
The award marks a key milestone to monetise oil and gas deposits in Angola’s pre-salt Kwanza basin, which is pivotal for an Angolan government that aims to attract further investment in upstream activities, sustain oil production and stimulate development.
Kaminho, formerly known as Cameia-Golfinho, is the first deepwater development in the Kwanza basin, targeting the Cameia and Golfinho fields situated in 1700 metres of water, about 100 kilometres offshore.
CMHI has already begun engineering work for the FPSO at its Nantong facility, following Saipem securing a dry dock slot.
