By Phaedra Friend Troy
Acergy (NASDAQ:ACGY) has been awarded a $1.3 billion contract to supply engineering, procurement, fabrication and installation of a significant deepwater development offshore West Africa.
Acergy will commence engineering immediately on the contract, and offshore installation is expected to take place in the fourth quarter of 2012. The pipelay vessel Acergy Borealis and the Acergy Eagle and Acergy Legen vessels will be used for the installation.
While the company statement did not reveal the project, in its quarterly report earlier this month Acergy hinted that the next big contract it would be awarded is Total’s (NYSE:TOT) CLOV project in Angola.
CLOV is a project based on the Cravo, Lirio, Orquidea and Violeta discoveries on deepwater Block 17 offshore Angola. Development is expected to include an FPSO with production capacity of 160,000 barrels of oil a day.
