Kaombo FPSO

  • ClientTOTAL E&P Angola
  • Project time2014-2017
  • LocationBlock 32 - Angola
  • Field of activityFloaters

Conversion of two FPSO units for the Kaombo field development project

  • Type of contract: 1 Engineering, Procurement, Construction and Installation; 1 for operation and maintenance services
  • Value of the contracts: $4 billion
  • Kaombo FPSO project will be managed by the Saipem Floaters Business Unit located in France
  • 100milion standard cubic feet/daygas compression capacity
  • 1.7million barrels of oilStorage capacity
  • 200thousand barrels per daywater injection capacity
  • 115thousand barrels per dayoil treating capacity

The scope of work

The main contract for the Kaombo Field Development Project, located in Block 32, offshore Angola, is worth more than $3 billion, and is an EPCI for the engineering, procurement, installation and commissioning of two converted turret-moored Floating Production Storage and Offloading units (FPSO). Saipem has also been awarded a seven-year contract of approximately $1 billion for operation and maintenance services of the two vessels.

 

The two converted FPSO units, owned by Total, will each have an oil treating capacity of 115,000 barrels per day, a water injection capacity of 200,000 barrels per day, a 100 million scfd gas compression capacity and a storage capacity of 1.7 million barrels of oil.

 

The scope of work of the contract includes engineering, procurement, conversion of the tankers, fabrication and integration of the topsides of the FPSO units and the installation of the mooring systems, as well as the hook-up, commissioning and operations start-up.Saipem will provide seven years of operation and maintenance services for the FPSO units.

 

The Kaombo FPSO project will be managed by the Saipem Floaters Business Unit located in France. Part of the activities related to engineering, procurement, topsides modules fabrication and integration as well as commissioning onshore and offshore works will be carried out in Angola. The topsides fabrication activities will be undertaken in Saipem’s Karimun Island Yard, located in Indonesia. The tankers conversion and the topsides modules integration will be executed at a shipyard in the Far East.

 

Strategy

The contract is in line with Saipem’s strategy of pursuing growth opportunities in high complexity Floaters and FLNG construction in specific geographic areas, such as Asia Pacific and Africa, where the company can leverage its engineering capabilities, strong local content competencies and unique availability of fabrication yards.

 

Sustainability

Following Saipem’s strategic approach, aimed at maximizing local content and developing durable relationships with the communities in which it operates, a big part of the project design and execution will be carried out in Angola by Saipem, by Petromar (a Saipem subsidiary) and by other Angolan suppliers. Critical factors in the success of this challenging project are the engagement of numerous stakeholders and the constant collaborative relationship with the client.

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