Saipem awarded new offshore contract in Angola worth approximately 350 million USD
Milan (Italy), September 14, 2026 – Saipem has been awarded a new offshore contract in Angola worth approximately 350 million USD.
The contract has been assigned by Azule Energy Angola S.p.A., an incorporated joint venture owned by Eni and bp, and relates to the West Hub Tails project, part of the wider Agogo Integrated West Hub Development, located 180 km offshore Angola at water depths up to 1,750 meters.
Saipem’s scope of work covers the engineering, fabrication, transportation and installation of subsea infrastructures, including approximately 62 km of flowlines, risers and umbilicals, to be tied-in to the Agogo Floating Production, Storage, and Offloading unit (FPSO), with an expected duration of approximately two and half years.
Fabrication activities will be carried out at Saipem’s Ambriz yard in Angola, with the involvement of local companies and workforce. For the offshore campaign, Saipem will deploy the construction vessels FDS and Normand Maximus.
This award further confirms Saipem's long-standing position as a key partner in the execution of complex offshore projects in West Africa, as well as its commitment to supporting the growth of the energy industry in the countries where the company operates.
Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into business lines: Asset Based Services, Drilling and Sonsub, Energy Carriers, Offshore Wind, Sustainable Infrastructures. The company has 5 fabrication yards and an offshore fleet of 17 owned construction vessels and 12 drilling rigs, 9 of which owned. Driven by technological innovation and guided by its purpose, “Engineering for a sustainable future”, Saipem supports its clients on their journey towards Net Zero, through increasingly digital and environmentally sustainable solutions, technologies and processes. Listed on the Milan Stock Exchange, Saipem operates in more than 50 countries and employs about 30,000 people representing 125 nationalities.
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