By OGJ editors
HOUSTON, June 4 -- Cabinda Gulf Oil Co. (CABGOC), a unit of ChevronTexaco Corp., awarded a $660 million contract to a consortium of Stolt Offshore SA and Daewoo Shipbuilding & Marine Engineering Co. Ltd. (DSME) for its Sanha gas-condensate fields development project on Block 0 off Angola. Of this total, Stolt Offshore expects to receive $240 million, $15 million of which it will book in 2002.
The contract calls for the engineering, procurement, installation, and commissioning of five offshore platforms with two linking bridges, the modification of three existing platforms, and the installation of 100 km of subsea pipelines. These pipelines, 4-30 in., will be laid in 100 m of water.
Most of the platform construction will be performed the Stolt Offshore-operated Sonamet yard at Lobito in Angola, the company said. Once completed, the offshore facilities will be installed in the Sanha and Bomboco fields in the Cabinda area off Angola. CABGOC operates the two fields on behalf of Angolan state oil firm Sonangol, ChevronTexaco Corp., Agip SPA, and TotalFinaElf SA.
