Petromar Lda
Petromar Limitada is an Angolan oil and gas services company that fabricates, installs, and maintains offshore platforms, jackets, subsea structures, and FPSO components for IOC and NOC operators at its 270,000 m² Ambriz yard. A 70% Saipem / 30% Sonangol Holdings joint venture founded in 1984.
- Company typePrivate
- Founded1984
- HeadquartersLuanda, Angola
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Petromar Lda does
Petromar Limitada (Petromar Lda) is an Angolan oil and gas services company headquartered in Luanda and operating three facilities — a Luanda head office, a 270,000 m² fabrication yard with ISPS-certified port terminal and dry dock at Ambriz, and a 700 m² fabrication workshop at Malembo — together with a 31,700 m² Porto Seco storage center for maritime cargo and customs clearance. Founded on May 21, 1984 as a joint venture between Sonangol EP and Bouygues Offshore, the company has been under majority Italian ownership (Saipem, 70%) since 2002, with Sonangol Holdings retaining a 30% stake. The company specializes in fabrication, construction, offshore installation, and modification/maintenance of oil and gas infrastructure, including platforms, jackets, topsides, decks, piles, pipelines, subsea structures, and FPSO components, with capabilities spanning shallow water through ultra-deepwater.
Petromar generates revenue through project-based EPC and installation contracts awarded by international and national oil companies operating in Angola's offshore basins, delivered through competitive bidding and direct enterprise engagement. Reported contracts executed include Vandumbu, East Hub, Kaombo, Kizomba Phase 2, Mafumeira, TFMC Cabaça North, Cabaça South East, and Girri FPSO 2, with the Agogo Phase 2 project ongoing. In 2024, the company was awarded (via Saipem-led consortium) the Ndungu Field development for Azule Energy (~$850M USD) and the three Kaminho packages for TotalEnergies' Block 20 Cameia and Golfinho fields (~$3.7B USD total), with fabrication activity scheduled at Ambriz Yard across 2025–2027. The company operates with approximately 1,102 employees, holds DNV-certified management systems, and serves upstream, midstream, and downstream oil and gas customers.
The business model is industrial-services-led and relationship-driven rather than software- or subscription-driven. Pricing is contract-specific and not publicly disclosed, and revenue flows from one-time project execution plus longer-term operation and maintenance scope. Customer concentration sits with a small number of IOC and NOC operators (Azule Energy, TotalEnergies, Chevron, BP, Eni), and growth is anchored on Angolan offshore capex cycles. Go-to-market is direct enterprise field sales through consortiums led by Saipem, with limited reliance on traditional marketing channels beyond a corporate LinkedIn and YouTube presence.
Petromar Lda firmographics
Firmographics- Name
- Petromar Lda
- Legal name
- Petromar Limitada
- Website
- https://petromar.co.ao
- Company type
- Private
- Founded year
- 1984
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Petromar Limitada is an Angolan oil and gas services company that fabricates, installs, and maintains offshore platforms, jackets, subsea structures, and FPSO components for IOC and NOC operators at its 270,000 m² Ambriz yard. A 70% Saipem / 30% Sonangol Holdings joint venture founded in 1984.
- Ownership category
- akta.pro rank
Petromar Lda industry classification
Industry- Product category
- Oil and Gas Fabrication Services
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Oil and Gas Operations (213112), Oil and Gas Pipeline and Related Structures Construction (237120)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance) (EUALABAM)
- akta.pro secondary industries
- Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL), FPSO/FSO Hull Construction & Conversion (IMAJACAC), Offshore Marine & Aviation Support (PSVs, AHTS, Crew Boats, Helicopters) (EUALABAJ)
Keywords
Where Petromar Lda is headquartered
LocationHeadquarters
- HQ city
- Luanda
- HQ country
- Angola
- HQ region
- Africa
Offices3 records
Markets served
Petromar Lda business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Oil and Gas Fabrication Services: Project-based fabrication services for oil and gas structures including platforms, jackets, topsides, decks, piles, and subsea structures. Revenue generated through engineering, procurement, construction, transportation and installation contracts awarded by major energy operators.
- Installation and Operational Services: Installation of new structures and equipment fabricated at yard, including offshore installation campaigns using specialized vessels like FDS vessel.
- Modification and Maintenance Services: Modification of existing structures and maintenance of oil and gas equipment for production, transformation, transport, distribution and storage of fluids and liquid gases, including refineries.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
Petromar Lda product offering
Product offeringCore offering
Petromar Lda provides integrated fabrication, construction, installation, modification, and maintenance services for offshore and onshore oil and gas infrastructure in Angola. Core activities include manufacturing platforms, jackets, topsides, decks, piles, and subsea structures (pipes, jumpers, umbilicals, flowlines, risers) at its 270,000 m² Ambriz yard, with offshore installation campaigns, vessel repair at an ISPS-certified terminal, and ongoing maintenance for production, transformation, transport, distribution, and storage facilities.
Product overview
Petromar Lda is an Angolan oil and gas services company offering an integrated suite of fabrication, installation, modification, and maintenance services. The core product portfolio includes: (1) Yard Fabrication Services for manufacturing platforms, jackets, topsides, decks, piles, and subsea structures; (2) Installation Operational Services for new equipment; (3) Modification and Maintenance Services for existing structures; (4) Ambriz Yard, a 270,000 m² fabrication facility; (5) Ambriz Terminal (ISPS certified) for dry dock, vessel repair, and logistics; (6) Porto Seco storage and customs clearance center; and (7) Malembo Fabrication Workshop. The company operates three facilities in Angola (Luanda, Malembo, and Ambriz) and serves the upstream, midstream, and downstream segments of the oil and gas value chain.
Differentiator
Problem solved
Functional benefit
Products and services
- Yard Fabrication Services Fabrication of oil and gas equipment including platforms, jackets, topsides, decks, piles, and subsea structures such as pipes and jumpers, with capabilities in pipe fabrication, heavy welding, sandblasting, painting, assembly, maintenance workshops, and warehouses, delivered for offshore and onshore oil and gas operators.
- Installation Operational Services Installation of new structures or equipment fabricated at Petromar's yards, including offshore platforms, pipelines, and subsea infrastructure, executed using specialized installation vessels.
- Modification and Maintenance Services Modification of existing structures and maintenance of oil and gas equipment for production, transformation, transport, distribution, and storage of fluids and liquefied gases, including refineries, provided to upstream, midstream, and downstream operators.
- Ambriz Fabrication Yard 270,000 m² fabrication yard for manufacturing platforms, structures, and piping for shallow water, deep water, and ultra-deepwater offshore projects as well as onshore projects, including a dedicated port terminal for oil and gas support activities.
- Ambriz ISPS-Certified Terminal and Dry Dock ISPS-certified terminal offering dry dock and vessel repair up to 200 tons, crew changes for offshore personnel, logistics support for oil and gas companies, and FPSO hose maintenance and storage.
- Porto Seco Storage Center 31,700 m² storage center operating for maritime cargo transshipment, goods consolidation, and customs clearance services, connected to the Petromar fabrication yard and commercial port by road 2.5 km away.
- Malembo Fabrication Workshop 700 square meter fabrication workshop in Malembo for construction of jackets and decks, and for operational modification and maintenance activities for oil and gas structures supporting offshore and onshore operations.
Quantifiable outcome
- 400 million m³/year gas production capacity from Azule Energy Maboqueiro and Quiluma projects
- +1 more outcomes
Companies that use Petromar Lda
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Petromar Lda technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Petromar Lda partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core, historical, flagship and minor.
- Sonangol EPcoreOriginal founding joint venture partner along with French provider Bouygues Offshore. Petromar was created on May 21, 1984 under Decree No. 23/84 as a joint venture between Sonangol EP and Bouygues Offshore.
- Bouygues OffshorehistoricalFrench energy services provider that was the original international partner in the Sonangol joint venture. Acquired by Saipem in 2002, transferring its 70% stake in Petromar to the Italian company.
- Azule EnergyflagshipJoint venture between Eni and BP, Angola's largest oil and gas producer. Awarded Petromar/Saipem consortium contracts for Ndungu Field development (approximately 850 million USD) and Maboqueiro/Quiluma gas platform construction. Petromar provides fabrication at Ambriz yard for these major projects.
- TotalEnergiesflagshipMajor international energy company operating in Angola. Awarded Petromar/Saipem consortium three contracts worth 3.7 billion USD for Kaminho project (Cameia and Golfinho fields) including FPSO, O&M and SURF packages. Structures fabricated at Ambriz yard.
- KwandaminorAngolan logistics and supply base company supporting oil and gas operations. Listed as a partner on Petromar's website.
- ChevronminorMajor international oil company operating in Angola. Listed as a partner on Petromar's website.
- BPminorMajor international energy company through Azule Energy joint venture with Eni. Listed as a partner on Petromar's website.
- EniminorMajor international energy company operating in Angola through Azule Energy joint venture with BP. Listed as a partner on Petromar's website.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Petromar Lda competitors and assessment
Company assessmentBroad incumbents
- Saipem: Saipem is Petromar's 70% parent and a global offshore engineering, drilling, and construction major. It directly competes with Petromar on offshore EPC scopes when bidding as a consortium partner, and provides installation vessels for Petromar-fabricated structures.
Direct peers
- Aker Solutions: Aker Solutions is a global offshore engineering and fabrication company delivering platforms, jackets, and subsea structures. Comparable to Petromar in offshore fixed-facility fabrication and engineering project execution.
- TechnipFMC: TechnipFMC provides offshore subsea systems, fabrication, and project delivery for oil and gas operators. It competes with Petromar on integrated subsea-to-surface scopes including SURF, umbilicals, and platform fabrication.
- SBM Offshore: SBM Offshore designs, builds, and operates FPSOs. Petromar fabricates FPSO piles and components for projects like Kaminho, making SBM a directly comparable peer in the FPSO value chain.
- Subsea 7: Subsea 7 is a global leader in subsea installation, SURF, and offshore construction services. It competes directly with Petromar on subsea flowline, umbilical, and jumper fabrication scopes for projects like Ndungu and Kaminho.
- Heerema Marine Contractors: Heerema specializes in offshore installation of fixed platforms, jackets, and floating structures using specialized heavy-lift vessels. It competes with the Saipem/Petromar consortium on offshore installation campaigns.
- MODEC: MODEC provides FPSO and FSO leasing, operation, and procurement services. It overlaps with Petromar on FPSO-related fabrication and potential long-term O&M scopes served by the Ambriz yard.
- McDermott International: McDermott provides offshore fabrication, installation, and SURF services globally, including deepwater projects. It competes with Petromar/Saipem consortiums for offshore EPC scopes in West Africa and other regions.
Emerging players
- Doris Engineering: Doris Engineering provides offshore engineering and project services, often competing with Petromar/Saipem consortiums on Angolan and West African offshore field development scopes.
Others
- Woodside Energy (as operator): While not a fabrication peer, Woodside and other IOCs (TotalEnergies, Eni, BP, Chevron) are the customer base Petromar serves. Including Woodside as an adjacent reference illustrates the buyer side of Petromar's bid pipeline.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
Petromar Lda social profiles
Digital presencePetromar Lda compliance and trust
Trust signalCompliance2 records
Petromar Lda financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petromar Lda leadership team
Management profileNumber of profiles
Profiles1 record
Petromar Lda funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petromar Lda M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petromar Lda
What does Petromar Lda do?
Petromar Lda provides integrated fabrication, construction, installation, modification, and maintenance services for offshore and onshore oil and gas infrastructure in Angola. Core activities include manufacturing platforms, jackets, topsides, decks, piles, and subsea structures (pipes, jumpers, umbilicals, flowlines, risers) at its 270,000 m² Ambriz yard, with offshore installation campaigns, vessel repair at an ISPS-certified terminal, and ongoing maintenance for production, transformation, transport, distribution, and storage facilities.
Is Petromar Lda a public or private company?
Petromar Lda is a private company. It is classified as corporate owned and is currently operating.
When was Petromar Lda founded?
Petromar Lda was founded in 1984. It employs 1,001 to 5,000 people.
Where is Petromar Lda based?
Petromar Lda is headquartered in Luanda, Angola, in the Africa region.
How does Petromar Lda make money?
Three revenue lines are on record. Oil and Gas Fabrication Services are the primary driver. The others are installation and Operational Services and modification and Maintenance Services.
Who are Petromar Lda's main competitors?
Saipem is listed as a broad incumbent. Direct peers are Aker Solutions, TechnipFMC, SBM Offshore, Subsea 7, Heerema Marine Contractors, MODEC and McDermott International. Doris Engineering is listed as an emerging player. Woodside Energy (as operator) is listed as an others.
Does Petromar Lda have an API?
No public API is recorded for Petromar Lda.
What industry is Petromar Lda in?
Petromar Lda's product category is Oil and Gas Fabrication Services. Its primary akta.pro industry code is EUALABAM, OFS Engineering, Construction & O&M (Field Development, Brownfield, Maintenance), with a secondary code of EUALABAL, Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment). Its NAICS code is 333132 and its SIC code is 3533.