KOIL Energy secures contract for subsea umbilical system installation in West Africa
Type: Supply Agreement · Technology: Oil Gas · Country: West Africa · Announced: 2026-03-12
KOIL Energy secured a multi-year contract, valued at over $150 million, from TotalEnergies for the installation of advanced subsea umbilical systems in Angola. The project involves deploying integrated control and power umbilicals to.
Analysis
KOIL Energy is already looking ahead to the second half of 2026, having secured a West African subsea umbilical installation contract. This deal, announced for March 2026, involves engineering, project management, and personnel for multiple systems connecting to an existing deepwater field. The U.S. subsea specialist will handle everything from load out to pre-commissioning, extending the life or capacity of the deepwater asset. While the financial terms remain private, the long lead time suggests significant planning for this offshore development.
Key points
- Contract announced for March 12, 2026, with mobilization in H2 2026.
- Focus on multiple subsea umbilical systems for an existing deepwater field.
- Financial terms for the supply agreement remain undisclosed.
- U.S.-based KOIL Energy secures offshore work in West Africa.
Counterparties
- KOIL Energy (Supplier)
- TotalEnergies (Offtaker)