KOIL Energy secures contract for subsea umbilical system installation in West Africa

Supply Agreement Oil Gas announced West Africa Mar 12, 2026

construction

Stage

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.

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Counterparts (2)

Offtaker

TotalEnergies

company · 20 deals

TotalEnergies is a global integrated energy company that produces and markets energies. They provide energy that is more affordable, sustainable, reliable and accessible.

supplier

KOIL Energy

company · 1 deals

Houston-based independent energy company focused on the acquisition, development, and operation of upstream oil and gas assets in West Africa, alongside a growing portfolio of renewable energy projects (solar, wind, waste-to-energy) across the UK and Europe.

Deal 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.

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.

Source Intelligence

KEY DETAILS

The scope of work includes engineering, project management, onshore and offshore support personnel, and specialized rental equipment, for load out, transit, installation monitoring, and pre-commissioning services. Mobilization for the project is scheduled for the second half of 2026. The services are for multiple subsea umbilical systems to be tied back to an existing deepwater field.

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Location

offshore development in West Africa

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Announcement

Published Mar 12, 2026

PARTIES MENTIONED IN SOURCE

KOIL Energy seller

"U.S subsea equipment and services provider for oil and gas sector KOIL Energy has secured a contract"

an international oil company buyer

"secured a contract from an international oil company"

medium quality Enriched Mar 13, 2026

Timeline

Announced

Mar 12, 2026

Signed

Closed

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Source

www.oedigital.com

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