Saipem secures $3.7bn Angola contracts with TotalEnergies
The contracts are for the development of the Cameia and Golfinho oilfields roughly 100km off Angola's coast.
22 May 2024
22 May 2024
The contracts are for the development of the Cameia and Golfinho oilfields roughly 100km off Angola's coast.
Europe recorded most of the contracts, with 381 contracts in Q1 2024, followed by North America and Asia with 345 and 229 contracts, respectively during the quarter.
TotalEnergies and Equinor are also interested in acquiring the 40% stake that Galp is looking to sell.
The lawsuits come right before Hess shareholders vote on the $53bn deal on 28 May.
The company claimed that it is the first exploration success in the region in almost three decades.
The DHIBM-7P pilot well has confirmed approximately 24m of pay within a 37m hydrocarbon column.
Estimated to cost $6bn (€5.53bn), the project aims to develop the Cameia and Golfinho fields.
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