The offshore transportation and installation services work is for Angola Northern Gas Complex (NGC) project. Credit: Zachary Theodore/Unsplash.

Malaysian oil and gas services company Sapura Energy has secured a $300m (RM1.4bn) contract from Azule Energy Angola.

The offshore transportation and installation services work is for Angola Northern Gas Complex (NGC) project.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Under the terms of the contract, Sapura Energy will provide engineering services, transportation & installation, and other services for the Quiluma and Maboqueiro (Q&M) platform of the Angola NGC project.

Sapura Energy’s subsidiaries Sapura Offshore, Sapura Energy DMCC and Sapura Energy Engineering & Construction signed the contract.

The company plans to complete the work by the fourth quarter of financial year 2026.

Azule Energy is a 50-50 joint venture between energy companies Eni and BP.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Q&M project features two offshore wellhead platforms, an onshore gas processing facility, and a connection to the Angola LNG plant for the selling of condensates and gas via LNG ships.

Project execution activities started in 2022 and production is expected to begin in 2026.

In August 2022, Azule Energy awarded $1bn worth of engineering, procurement, and construction contracts to Antonini, Baker Hughes,, JV Gruppo, Kerry Logistics, and Saipem for the Q&M project.

Separately, Sapura Energy reported RM1.14bn in revenue during its second quarter of financial year 2024.

EBITDA during the period was RM209m and current order book stood at RM6.3bn.

Commenting on the results, Sapura Energy group CEO Datuk Mohd Anuar Taib said: “We are actively repositioning ourselves geographically to seize opportunities across all our business segments, bidding right and pursuing major projects in Africa, the Mediterranean, the Atlantic, and the Asia Pacific region.

“The trusted partnerships we have built with clients have helped us to navigate limited liquidity issues, enabling us to win more work.”