Technip awarded uss 1.1 billion contract for Subsea
Development in Angola
Paris, January 2nd, 2008 Technip, leader in a consortium
with Acergy, has been awarded by Total a contract for the development
of the Pazflor oil field, located offshore Angola in Block 17, at water
depths reaching 1,200m.
Technip's share of this USD 1.860 billion contract represents
USD 1.160 billion.
Technip's share of the contract covers: the engineering,
procurement, fabrication and installation of over 80km of production
and water injection rigid flowlines(1), conventional flexible risers(2)
and integration production bundle (IPB) risers, the engineering, procurement
and fabrication of over 60km of umbilicals(3).
Technip's operating center in Paris (France) will execute
this contract.
The umbilicals will be manufactured at the umbilical
plant of Angoflex, a company run in association with Sonangol E&P, in
Lobito (Angola). The flowlines and subsea structures will be assembled
at the Group's spoolbase at Dande (Angola), contributing to Technip's
local content policy.
Offshore installation will commence in 2010, using Technip's
vessels Deep Blue and Deep Pioneer.
The award of this major subsea contract follows Technip's
successful completion of the Dalia project. It attests to the confidence
that the Block 17 partners have in the Group and its Angolan industrial
assets, and acknowledges Technip's expertise in the design of deep-depth
subsea infrastructures and technological know-how.
(1) Flowline: a pipe, laid on the seabed, which allows
the transportation of oil/gas production or injection of fluids. Its
length can vary from a few hundred meters to several kilometers.
(2) Riser: a pipe or assembly of pipes used to transfer
produced fluids from the seabed to surface facilities, and transfer
injection or control fluids from the surface facilities to the seabed.
(3) Umbilical: an assembly of hydraulic hoses which
can also include electrical cables or optic fibres used to control subsea
structures from a platform or a vessel.
* * * With a workforce of 22,000 people, Technip ranks
among the top five corporations in the field of oil, gas and petrochemical
engineering, construction and services. The Group is headquartered in
Paris.
The Group's main operating centers and business units
are located in France, Italy, Germany, the UK, Norway, Finland, the
Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and
Australia. In support of its activities, the Group manufactures flexible
pipes and umbilicals, and builds offshore platforms in its manufacturing
plants and fabrication yards in France, Brazil, the UK, the USA, Finland
and Angola, and has a fleet of specialized vessels for pipeline installation
and subsea construction. * * *
(From Technip)
