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Technip latest to join Total offshore Angola

Total awards more contracts for Angolan oil field, Kaombo.
By Daniel J. Graeber Follow @dan_graeber Contact the Author   |   April 18, 2014 at 10:05 AM
| License Photo

PARIS, April 18 (UPI) -- French energy services contractor Technip said Friday one of its subsidiaries landed a construction deal to help Total with its Kaombo oil project in Angola.

Technip said it would start immediately with construction of umbilicals -- hoses and tubes used to support electrical cables and fiber optics for offshore platforms -- for Total's offshore oil project.

The French contractor said the project is one of the largest of its kind to be launched from a manufacturing facility in Lobito, Angola.

No value was given for the lump-sum contract from Total.

The French supermajor this week said it was investing $16 billion to develop Kaombo.

On Wednesday, Total awarded Italian oil services group Saipem more than $4 billion in contracts for the development of two Floating, Production, Storage and Offloading units associated with the offshore oil field.

Kaombo has an estimated 650 million barrels of reserves and should produce 230,000 bpd for Angola once operations begin in 2017.

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