Acergy receives pipeline development contract from Angola LNG
Angola LNG's shareholders are affiliates of Chevron, Sonangol, BP, Total and ENI. The contract awarded to a consortium of Acergy and Spiecapag, a subsidiary of Entrepose Contracting, is for $550 million, of which Acergy's share represents approximately $250 million. Acergy's nearshore scope includes the engineering, procurement, fabrication and installation of approximately 50km of pipeline from offshore blocks 0, 14, 15, 17 and 18. It also includes the shore approach and above water tie-ins for these pipelines, together with the offshore crossing and hydrotesting. Engineering will commence with immediate effect with offshore installation scheduled to commence in the fourth quarter of 2009, using Acergy's Hawk, Legend and Polaris production and maintenance support vessels. Olivier Carre, vice president of Acergy Africa and Mediterranean, said: "We are delighted to have been awarded this contract which represents an important development in Angola's plans to reduce flaring from deep water blocks through the production of liquefied natural gas (LNG) and condensate. This contract award re-enforces Acergy's strong presence in West Africa."