Paenal

Thanks to its offshore energy resources Angola is undergoing rapid transformation and economic growth. SBM Offshore is working directly with many domestic partners to ensure that Angolans benefit directly from the growing oil and gas industry in their country.

A country in transformation

Over the past 20 years, Angola has been transformed by its offshore energy resources – becoming Africa’s top oil producer, with a production capacity of 2m bpd in 2010 (up 400% over 20 years), an OPEC member, and the world’s second fastest growing economy for the year ending 2010.

Sharing the benefits fairly

The Angolan government is rightly determined to ensure that this continuing transformation, which has brought most of the world’s energy Super Majors and many national oil companies to Angola, benefits its citizens and domestic industries. It set up its own national oil company Sonangol, back in 1976. Today, Sonangol works in partnership through joint ventures (JV) and production sharing agreements as the sole concessionaire on all oil and gas exploration and production projects.

SBM Offshore in Angola

We have a long history in Angola, reaching back to 1968 and involving all aspects of offshore construction, installation, refurbishment and operations. Our commitment to the country reached new levels in 2003 when we entered a JV with Sonangol to create OPS, a new company that jointly operates the Angolan owned fleet of 5 FPSO units. To date, OPS has offloaded nearly half a billion barrels of oil and liquefied petroleum gas, providing the Angolan offshore sector with safe, reliable floating production and storage facilities.

OPS also focuses on the ongoing development of Angola’s own domestic offshore technical expertise by offering a full range of services from design and construction to mobilization, installation and operation – all with the increasing involvement of highly skilled Angolan operatives.

The Paenal Yard

SBM Offshore has also worked with Sonangol to address the shortage of domestic fabrication facilities and skills, specifically topsides fabrication and integration, which currently limits the volume of FPSO construction work that can be undertaken locally.

In 2007 SBM Offshore and Sonangol created PAENAL, to run a new fabrication and construction yard, currently being built. The first phase of the yard has already been completed and a number of relatively small-scale projects completed for SBM OFFSHORE, Hereema, Technip and other companies working in Angola.

When the full phase of construction is completed the Paenal yard will have a steel work fabrication capacity of some 8,000 – 10,000 tons a year, using around 2 million man-hours. A 490m deepwater quayside, 2,000T heavy lift crane along with warehouses, workshops and stores will allow it to complete substantial topside fabrication and integration projects for the worlds largest Mega FPSO vessels. Two substantial projects for SBM Offshore, include upgrades to our FPSO Xikomba and topside module fabrication and installation for the CLOV FPSO.

In the fall of 2010, Daewoo Shipbuilding & Marine Engineering (DSME) became a joint venture partner with effective shareholding of Sonangol 40%, SBM Offshore 30% and DSME 30%.

Real benefits for Angola

By bringing construction to Angola, Paenal will create a great many new opportunities for Angolans – including the opportunity to train for a number of highly skilled roles. The resulting increase in the country’s domestic capacity to build complex topside modules and other steel structures for the industry will deliver real long-term benefits for Angolan society, SBM Offshore and other players in our industry.