Angola - Agogo Ph.2 - Agogo FPSO

[Administrator]

Subsea7 awarded contract offshore Angola

28 Feb 2023

Subsea7 today announced the award of a large1 contract by Azule Energy in the framework of the Agogo Integrated West Hub Development Project, offshore Angola.

The contract scope includes the transport and installation of approximately 98 kilometres of flexible pipes, 30 kilometres of umbilicals, and associated subsea structures in water depths of around 1,700m.

Project management and engineering have commenced and will be managed from Subsea7's offices in Angola, France, UK and Portugal. Fabrication will take place at the Sonamet yard in Lobito. Offshore operations are planned between Q4 2024 and Q4 2025.

Franck Louvety, Africa, Middle East & Caspian Vice President said: "We are pleased to have our first contract with Azule Energy and to continue supporting the development of the Angolan offshore energy industry. Subsea7 has been working for over 40 years in Angola and has an important track record in-country. We look forward to reinforcing our relationship with Azule and to delivering the project safely and as planned."

(1) Subsea7 defines a large contract as being between USD 300 million and USD 500 million.

[Administrator]

Aker Solutions Wins Umbilicals Contract for the Agogo Field Development in Angola

February 28, 2023 – Aker Solutions has been awarded a sizeable[1] contract by Eni Angola S.p.A. – Sucursal de Angola, a subsidiary of Azule Energy Holdings Limited ("Azule Energy "), to provide the dynamic and static subsea umbilicals for the Agogo field development located offshore Angola in the West Hub Area of Block 15/06.

The contract includes the engineering, manufacturing and delivery of a complete umbilical system totaling about 36 kilometers of both dynamic and static subsea production control umbilicals including spares, as well as ancillary equipment and services. The umbilicals will be manufactured at Aker Solutions´site in Moss, Norway. The work starts up immediately and is planned to be delivered in the 2nd quarter of 2024.

"We are very pleased to have been awarded another important contract by ENI in Angola. We look forward to continuing our strong relationship by maintaining our focus on safe and efficient operations," said Maria Peralta, executive vice president and head of Aker Solutions' subsea business.

The contract will be booked as order intake in the first quarter of 2023 in the Subsea segment.

1Aker Solutions defines a sizeable contract as between NOK 0.5 billion and NOK 1.5 billion.

[Administrator]

Azule Energy has awarded Yinson a firm contract for the provision, operation and maintenance of a floating, production, storage and offloading asset for the Agogo Integrated West Hub Development Project in Angola ("FPSO Agogo").

Azule Energy is Angola's largest independent oil and gas producer, and a 50/50 joint venture between BP p.l.c. ("bp") and Eni S.p.A. ("Eni").

The contract has an estimated aggregate value of approximately USD5.3 billion and a firm period of fifteen (15) years from the date of the final acceptance, with the option to extend for a further five (5) years. FPSO Agogo is expected to commence operations in the fourth quarter of 2025. The signing of the firm contract follows on from the signing of an agreement for preliminary activities on 2 December 2022 between the parties.

The FPSO will have a storage capacity of 1,600,000 bbls and oil production capacity of up to 120,000 bpd. Gas Injection and Water Injection capacity will be at 215 MMscfd and 105,200 bwpd respectively and the FPSO will be spread moored in water depth of up to 1700m.

On the same day, Subsea7 was also awarded a contract by Azule Energy within this Agogo project framework for the transportation and installation of approximately 98 kilometres of flexible pipes, 30 kilometres of umbilicals, and associated subsea structures worth between USD 300-500 Million.

Azule Energy also handed Aker Solutions a contract within this project framework which includes the engineering, manufacturing and delivery of a complete umbilical system totaling about 36 kilometers of both dynamic and static subsea production control umbilicals including spares, as well as ancillary equipment and services, worth up to NOK 1.5 Billion.

[Administrator]

Baker Hughes Awarded Major Subsea Contract with Azule Energy for Agogo Oilfield Offshore of Angola

HOUSTON, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Baker Hughes (NASDAQ: BKR), an energy technology company, has been awarded a major contract to provide subsea equipment and services by Azule Energy for work in the Agogo oilfield, offshore Angola. This award represents the first major new greenfield project awarded in offshore Angola in more than five years.

The scope of work includes 23 standard subsea trees, 11 Aptara manifolds, SemStar5 fiber optic controls and the related system scope of supply. Baker Hughes will also provide services and aftermarket support for the Agogo integrated west hub subsea production system.

A significant portion of the equipment will be manufactured, assembled and tested in Angola, leveraging Baker Hughes' local facilities and workforce.

"Our local manufacturing capabilities, deepwater development equipment and innovative subsea control system technology enable us to provide exceptional support to Azule Energy in their efforts to increase oil production in Angola," said Maria Claudia Borras, executive vice president of Oilfield Services and Equipment at Baker Hughes. "Our expertise and comprehensive solutions well-equip us to reduce complexity, support project schedules, and deliver successful outcomes for Azule Energy and further contribute to the growth of Angola's energy industry."

Azule Energy is an international energy company located in Angola, with bp and ENI sharing equal stakes in the business. Baker Hughes' technology offerings are well-equipped for the challenging deepwater offshore environment, and the subsea control system technology enables Baker Hughes to support greenfield development and interface with legacy interconnected producing wells.

[Administrator]

TechnipFMC Awarded Substantial Flexible Pipe Contract for Agogo Integrated West Hub Development Project

NEWCASTLE & HOUSTON, February 28, 2023 — TechnipFMC (NYSE: FTI) has been awarded a substantial(1) contract by Azule Energy to supply flexible pipe for the Agogo Integrated West Hub Development Project, offshore Angola.

The contract is one of TechnipFMC's largest ever awards for flexible pipe in West Africa, and covers the engineering, procurement, and supply of jumpers, flowlines, risers, and all associated ancillary equipment. The flexible pipe will connect the new Agogo facility to the subsea production systems.

Azule Energy, a bp and Eni company, is the operator of Block 15/06 in Angola offshore, partnering with Sonangol P&P and SSI Fifteen Limited.

Jonathan Landes, President, Subsea at TechnipFMC, commented: "Our ability to meet Azule's flexible pipe needs, which allows for optimized riser and flowline system configuration, was instrumental in winning this award. This is another example of our unique capability to support fast-track greenfield developments, and we are excited to be supporting Azule Energy and its partners on this project."

(1) For TechnipFMC, a "substantial" contract is between $250 million and $500 million.

[Administrator]

Azule Energy signs main contracts for the "Agogo integrated west hub development project" in Block 15/06 offshore Angola
The contracts follow the Final Investment Decision for the Agogo Integrated West Hub Development project

Luanda, 27 February 2023 - Azule Energy, via its wholly owned subsidiary Eni Angola SPA (Eni), together with its Partners in the Block 15/06, Sonangol P&P and SSI Fifteen Limited, are pleased to announce the award of the main contracts for the development of the Agogo Integrated West Hub Development Project, one of the major upstream projects being developed in the coming years in Angola.

The contracts, for an overall value of around 7.8 billion US dollars, were awarded to:

• Yinson for the Supply of the FPSO and Field Operations and Maintenance services;
• Baker Hughes for the supply of Subsea Production System and Aftermarket Services;
• Aker Solutions for the Supply of Umbilical System;
• Saipem for the Supply Rigid Flowlines and Subsea Structure Transportation and Installation;
• Subsea 7 for Risers, Flowlines and Subsea structures transportation and installation;
• TechnipFMC for the Supply of Risers and Flowlines;

The project comprises 36 new wells (21 producers and 15 Injectors), one converted FPSO with capacity for 120.000 bbl/day of oil production, 230MMSCF/day of Gas Injection and 120.000 bbl/day of water injection. It will also entail approximately 100km of rigid flowlines, 100km of flexible flowlines and 100km of Umbilicals.

The Agogo Integrated West Hub will produce hydrocarbons from Agogo and Ndungu Fields via both the existing Ngoma FPSO and the new Agogo FPSO that will be operational from mid f 2026, reaching a peak of production of 175.000 Bbl / day, thus fully exploiting the utilization and synergies with the existing infrastructures of the western area of the block 15/06, in order to optimize the project schedule and associated cost.

Adriano Mongini, Azule Energy CEO commented: "The signing of these contracts marks the start of a new wave of major investment in the deep water of Angola and it will deliver a significant value of activities for the country oil and gas industry. This Project will also represent an important contribution towards the increase of the Country oil production."
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[Administrator]

Agogo FPSO sails away from Cosco shipyard

5 Mar 2025



Yinson Production has announced that the Agogo FPSO has set sail from the Cosco Shipping Heavy Industry China shipyard in the early morning of 3 March 2025, following the completion of integration, mechanical completion, and onshore commissioning. The vessel will sail to the Lu Hua Shan Anchorage, where it will undergo deepwater testing for about two weeks before embarking on its journey to Angola.

This milestone marks a significant achievement, as the project is nearly four months ahead of schedule, with 100% completion of onshore commissioning. The sail away follows a grand naming and sail away ceremony held at the Cosco Shipping Heavy Industry (Shanghai) Shipyard China on 20 February 2025. The ceremony was attended by the vessel's Godmother, Evelise Neto Azevedo, and representatives of key stakeholders.

We look forward to successfully completing anchorage activities and setting sail for Angola within the next two weeks.

[Administrator]

Agogo FPSO made a technical stop at Walvis Bay, Namibia



One of the world's most advanced offshore production assets, the Agogo Floating Production Storage and Offloading (FPSO) vessel, operated by Yinson Production for Azule Energy, made a scheduled technical stop at Walvis Bay on 8 May 2025 as part of its voyage to Angola.

The brief stopover was part of planned logistics to replenish stores and facilitate crew changes.

Drone photography of the Agogo FPSO was conducted in the morning of 9 May.

"We're proud to have the Agogo FPSO pass through Walvis Bay, a vital hub on Africa's west coast," said Per Dyberg, Project Director of Yinson Production. "The successful transit of Agogo is a testament to our teams' coordination and commitment, and it reflects the international scale and technical complexity of modern energy projects in the region. The vessel's presence in Walvis Bay reflects the growing role of African ports in enabling large-scale energy infrastructure projects."

Built and operated by Yinson Production for Azule Energy, the vessel is expected to reach Angola in mid-May. The Agogo FPSO is expected to operate in the second half of 2025 in the Agogo Integrated West Hub Development Project in Block 15/06 offshore Angola for Azule Energy under a 15-year firm charter with the option to extend for another five years, and a total contract value of up to approximately USD 5.3 billion.

With a production capacity of 120,000 barrels of oil per day, the vessel features cutting-edge carbon-reduction technology, including the industry's first pilot post-combustion carbon capture system on an FPSO. It also includes closed flare system, hydrocarbon blanketing, combined cycle technology, automated process controls, and all-electric drives. This aligns with Yinson Production's goal of being carbon neutral by 2030 and net zero by 2050 as the carbon-reducing technologies onboard the FPSO are expected to reduce carbon emissions by up to 27.

[Administrator]

Azule Energy Agogo FPSO achieved first oil

29 July 2025

The Angolan National Petroleum, Gas and Biofuels Agency (ANPG) and Azule Energy announced the successful startup and first oil production from the Agogo FPSO. This is the centrepiece of the Agogo Integrated West Hub (Agogo IWH) project, offshore Angola, which involves the development of two fields, Agogo and Ndungu, in the West Hub of Block 15/06

The Agogo IWH project operated by Azule Energy in Block 15/06, with a 36.84% stake alongside partners Sonangol E&P (36.84%) and Sinopec International (26.32%), is set to add substantial production to Angola's energy landscape. The Agogo and the Ndungu fields, combined have estimated reserves of approximately 450 million barrels, with projected peak production of 175,000 barrels per day, produced via two FPSOs (Agogo and Ngoma).

[Administrator]

Eni starts production at Agogo oilfield, in the Angolan offshore

17 JANUARY 2020 - 10:12 AM CET

• Eni reports the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters. The start-up takes place just nine months after its discovery thanks to the operational synergies facilitated by the Floating Production Storage Offloading (FPSO) Ngoma, West Hub production centre, situated 15km from the oilfield.

• The start-up takes place nine months after field discovery

San Donato Milanese (MI), 17 January 2020 - Eni reports the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters. The start-up takes place just nine months after its discovery thanks to the operational synergies facilitated by the Floating Production Storage Offloading (FPSO) Ngoma, West Hub production centre, situated 15km from the oilfield.

The start-up was carried out with the drilling of the Agogo-1 well at a water depth of around 1700 meters. Current production is around 10,000 barrels of oil per day, and is set to reach 20,000 barrels per day during the next weeks.

According to preliminary estimates, the field holds over 650 million barrels of oil in place, with a further potential that will be verified after the drilling of new delineation wells.

The record time set for the field to become operational, nine months after its discovery last March, confirms Eni's successful endorsement of the fast track model in the development of its discoveries, a strategy based on operational synergies with already existing infrastructure that maximises projects value. The strategy is enabled by a phased field setup, which include an early production stage and, after the completion of the appraisal campaign, the subsequent development of the full potential through a new development hub.

The discoveries occurred in the Block 15/06 during the exploration periods 2006-2011 and 2011-2014 led to the execution of two projects, the West Hub and East Hub, with the installation of two floating FPSO platforms, which started production in 2014 and 2017, respectively. The two production hubs comprise 8 fields developed through 42 underwater wells and the total production exceeded 180 million oil barrels by the end of 2019.

From the second half of 2018, Eni Angola and the JV partners (Sonangol and SSI Fifteen) have launched a new exploration campaign in the Block 15/06 that led to the discovery of 5 new fields that, according to preliminary estimates, contain about 2 billion barrels of oil in place, which is doubles the figures of the fields previously discovered and developed by the West Hub and East Hub installations.

Eni Angola is operator of the Block 15/06 since 2006, with a Joint Venture composed by Eni (operator, 36.8421%), Sonangol P&P (36.8421%) and SSI Fifteen Limited (26.3158%).

Eni has been present in Angola since 1980 and currently accounts an equity production of about 145,000 barrels of oil equivalent per day, confirming the country as strategic for Eni's organic growth.

[Administrator]

SLB and Azule Energy Scale Enterprise Digital Operations to Strengthen Energy Delivery in Angola

Key Points:

• SLB announced a three-year agreement with Azule Energy, a joint venture of bp and Eni, to continue and expand the use of its Delfi™ digital platform across Azule's operations in Angola.
• The agreement supports execution consistency across large, mature energy operations, reinforcing reliable energy delivery.
• Early deployments show operational impact, with integrated well planning workflows, including DrillPlan™, reducing planning cycles from days to hours and increasing automation.

HOUSTON Mar. 31, 2026 — Global technology company SLB (NYSE: SLB) today announced a three-year agreement with Azule Energy to continue and expand the use of its enterprise digital platform across Azule's operations in Angola. The platform will help Azule drive more consistent execution, accelerate decision-making, and support reliable energy delivery across its portfolio.

Azule Energy — a joint venture of bp and Eni and the largest independent energy producer in Angola — operates some of the region's most complex assets. The agreement builds on two years of Delfi™ use within Azule's reservoir organization, where the platform supports reservoir studies, modelling, simulation, and well planning workflows, and supports enterprise-scale digital integration by connecting reservoir workflows with broader operational data environments over time.

"Azule operates large, complex energy assets where execution reliability and consistency matter," said ND Maduemezia, president, Europe and Africa, SLB. "This agreement expands the use of an enterprise digital platform that connects workflows and data, strengthening and accelerating decision-making and improving execution predictability in support of reliable energy delivery in Angola."

The agreement reflects a move to enterprise-scale digital operations, enabled by SLB's digital platform and cloud-based capabilities. Delivery is supported through the SLB Luanda Performance Center, which enables digital solutions to be deployed and sustained locally.

The platform supports key workflows across Azule's reservoir and planning activities, with integration into broader operational data environments over time. It also positions Azule to rapidly adopt new digital and AI-enabled technologies as they emerge, enabling continuous performance improvement.

Early deployments demonstrate impact: integrated workflows, including DrillPlan™ coherent well planning and engineering solutions, have cut planning cycles from days to hours while increasing automation and minimizing manual coordination.

The enterprise platform reinforces execution consistency across Azule's large, mature operations, where operational discipline is central to sustaining performance.