On Tuesday, Baker Hughes Co. (BKR.O), an oil company, said that it had been given a contract by Angolan company Azule Energy. The contract is to provide subsea equipment and services for work at the Agogo oil field.
Angola’s offshore Agogo field was the country’s biggest offshore discovery in years. Furthermore, Angola is Africa’s second largest exporter of oil. Thus, the contract could help the country stop a long-term drop in production.
In addition, Baker Hughes said that the order includes 23 standard submersible wells, 11 Aptara manifold, SemStar5 fiber control. Plus the supply of the related system.
In addition, most of the equipment will be made, put together and tested in Angola, the company said.
Maria Claudia Borras, executive vice president of Baker Hughes’ Oilfield Services and Equipment, stated, “Our local manufacturing capabilities, innovative subsea control system technology, and deep water development equipment make us an excellent partner for Azule Energy’s efforts to increase oil production in Angola.”
Azule Energy is the country’s largest independent producer of oil and natural gas. It is a joint venture between two companies, Eni (ENI.MI) and BP, in which each owns half (BP.L).
