Saipem Awarded Angola Contracts Worth More Than $4B By Total

Reuters

MILAN, April 16 (Reuters) - Italian oil services group Saipem said on Wednesday it had been awarded two contracts with a combined value over $4 billion, by French oil major Total, to carry out work in Angola.

The contracts involve engineering, procurement and production as well as commissioning offshore and onshore work for Floating Production Storage and Offloading projects, Saipem said.

The main project relates to two units that will have capacity to treat 115,000 barrels of oil per day.

(Reporting by Isla Binnie; Editing by Oleg Vukmanovic)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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