Saipem Wins Subsea Contract for Rosa Field Offshore Angola

Saipem has been awarded the lump sum turnkey contract for the SURF activities (Sub-sea Umbilicals, Risers and Flow Lines) for the sub-sea development of Rosa Field as a tie back to the Girassol FPSO, in the Block 17, 200 kilometers north west of Luanda, offshore Angola.

The contract, awarded by TEPA (Total Exploration & Production Angola) as the Operator of Block 17, has a total value of approximately US $440 million.

The scope of work comprises the engineering, procurement, construction, installation and pre-commissioning of the Subsea Umbilicals, Risers and Flowlines in water depth of approximately 1,400 meters.

The vessels Saipem 3000 and Saibos FDS will carry out the job between first and third quarter 2006.

Total's coventurers in the Block are Esso Exploration Angola (Block 17) Ltd., BP Exploration (Angola) Ltd., Statoil Angola Block 17 AS and Norsk Hydro, and Sociedade Nacional de Combustíveis de Angola (Sonangol) is the Block 17 Concessionaire.