Offshore Energy Roundup: Major Contracts Drive Angola Ultra-Deepwater Push as Perenco Secures Vietnam Gas Deal

## Offshore Energy Briefing: Angola and Vietnam Projects Signal Continued Upstream Investment Two significant offshore energy developments are drawing industry attention this week, underscoring sustained operator confidence in deepwater and frontier gas projects across Africa and Southeast Asia. ### Baker Hughes Joins Angola Ultra-Deepwater Programme Azule Energy, the joint venture between Italy's Eni and BP, has awarded a contract to Baker Hughes for its ultra-deepwater development offshore Angola, according to Offshore Energy. The appointment follows earlier contract awards to subsea and offshore engineering heavyweights Saipem and TechnipFMC, signalling that the project's contractor mobilisation phase is well advanced. The addition of Baker Hughes — a leading oilfield services and equipment provider — rounds out a high-profile contractor lineup for what is shaping up to be one of Angola's most technically demanding deepwater programmes. Ultra-deepwater projects in Angolan waters, which can exceed 2,000 metres in depth, require specialised subsea equipment, well construction expertise, and advanced production technologies, areas in which Baker Hughes holds significant capability. Azule Energy, formed in 2022 through the merger of Eni and BP's Angolan upstream assets, has positioned itself as a major operator in the country's offshore sector. Angola remains one of sub-Saharan Africa's most prolific oil producers, and continued investment in deepwater acreage is central to sustaining national output levels. ### Perenco Vietnam Inks Gas Sales Agreement for Offshore Project In Southeast Asia, Perenco Vietnam — the local arm of Anglo-French independent oil and gas company Perenco — has signed a gas sales and purchase agreement (GSPA) for an offshore project off the Vietnamese coast, Offshore Energy reports. The agreement marks a key commercial milestone, providing the revenue framework necessary to underpin project financing and development decisions. Gas development off Vietnam has attracted growing operator interest in recent years as the country seeks to expand domestic gas supply to meet rising energy demand and reduce reliance on coal-fired power generation. Securing a GSPA is typically a prerequisite for sanctioning offshore gas projects, making this agreement a significant step toward potential field development. Perenco operates a diversified portfolio of upstream assets across Africa, Latin America, and Asia, and its Vietnamese operations reflect the company's broader strategy of pursuing gas monetisation opportunities in emerging markets. ### Industry Outlook Taken together, these developments reflect a broader trend of operators advancing offshore projects that had been deferred or delayed during periods of lower oil and gas prices. With energy security concerns and sustained commodity prices supporting upstream investment, both deepwater oil and offshore gas projects are attracting renewed contractor and commercial activity across multiple regions.