$230M Offshore Contract Announced

Tuesday, September 11, 2001
Saibos CML, an equally-owned subsidiary of Bouygues Offshore and Saipem SpA, has been awarded a contract for the Kizomba A Development Project in Angola for an approximately total amount of $230 million (Bouygues Offshore's share: approximately $115 million). Esso Exploration Angola (Block 15) Limited (Esso), a subsidiary of Exxon Mobil Corporation, is the operator (40%). Other participants include BP Exploration (Angola) Limited (26.67%), Agip Exploration Angola B.V. (20 %) and Statoil (13.33%). Sonangol is the concessionaire. The three-year contract covers: Engineering, procurement, construction and installation of flowlines for fluid transfer and an umbilical from the FPSO (Floating Production Storage and Offloading) to supply the TLP (Tension Leg Platform) with electricity; Engineering, procurement, construction and installation of the crude offloading system, comprising a CALM buoy and two rigid lines; Procurement, fabrication, pre-installation and connection of the 15 FPSO anchors; Installation of the subsea manifolds and umbilicals; and, Engineering, procurement, construction and installation of the risers and subsea injection lines.
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