Acergy S.A. Awarded $250 Million Contract in Angola
Acergy S.A. announced the award from Angola LNG Limited of a contract for the development of the nearshore/onshore segment of the pipeline network required for the transportation of gas from Blocks 0, 14, 15, 17 and 18 to Angola LNG’s plant in Soyo, Angola. Angola LNG Limited’s shareholders are affiliates of Chevron, Sonangol, BP, Total and ENI.
The contract awarded to a consortium of Acergy S.A. and Spiecapag, a subsidiary of Entrepose Contracting (ISIN: FR0010204321), is for $550 million, of which Acergy’s share represents approximately $250 million.
Acergy’s nearshore scope includes the engineering, procurement, fabrication and installation of approximately 50km of pipeline from Blocks 0, 14, 15, 17 and 18. It also includes the shore approach and above water tie-ins for these pipelines, together with the offshore crossing and hydrotesting. Engineering will commence with immediate effect with offshore installation scheduled to commence in the fourth quarter of 2009, using Acergy Hawk, Acergy Legend and Acergy Polaris.
Olivier Carre, Vice President Acergy Africa and Mediterranean, said: “We are delighted to have been awarded this contract which represents an important development in Angola’s plans to reduce flaring from deep water blocks through the production of Liquefied Natural Gas (LNG) and condensate. This contract award re-enforces Acergy’s strong presence in West Africa.”
Acergy S.A. is a seabed-to-surface engineering and construction contractor for the offshore oil and gas industry worldwide. We plan, design and deliver complex, integrated projects in harsh and challenging environments. We operate internationally as one group — globally aware and locally sensitive, sharing our expertise and experience to create innovative solutions. We are more than solution providers, we are solution partners — ready to make long-term investments in our people, assets, know-how and relationships in support of our clients.
