Company Website:
http://www.technip.com
PARIS -- (Business Wire)
Regulatory News :
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) signed an important(1)
lumpsum contract with Statoil ASA for the Gullfaks Rimfaksdalen (GRD)
Marine OperationsPipelay and Subsea Installation project.
This project is an option to the Snøhvit
CO2 Solution project awarded in 2013.
The GRD project scope consists of a subsea tie-back to a new Wye piece
on an existing pipeline close to the Gullfaks A platform. The GRD
template will be located 190 kilometers Northwest of Bergen, Norway.
This contract covers the:
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fabrication and installation of two sections of pipe-in-pipe, total
length ~9.5 km, with a 13% chrome stainless steel production flowline,
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installation and tie-ins of three spools and an 8.5-kilometer
umbilical,
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installation of a ~280-ton template and a 110-ton manifold.
Technip’s operating center in Oslo, Norway, will execute the project.
Vessels from the Group fleet will install the template in 2015. The
flowline will be welded at Technip’s spoolbase in Orkanger, Norway,
while the installation will be performed by the Apache II, in the first
half of 2016. The installation of the associated manifold, spools,
umbilical and other subsea equipment will be performed by other vessels
from Technip’s fleet. First gas is planned for the second half of 2016.
Odd Strømsnes, Managing Director of Technip in Norway, stated: “We
are very proud of this award, which builds on our unique track record in
pipe-in-pipe.”
(1)For Technip, an “important” subsea contract is ranging
from €50 to 100 million.
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| Fast facts about subsea products
- Wye piece: a connection between two pipelines which
allows pigging to be performed from either of the pipelines.
- 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.
- Spool: short length pipe connecting a subsea pipeline and
a riser, or a pipe and a subsea structure.
- Umbilical: an assembly of thermoplastic and steel tube
hoses which can also include electrical cables or optic fibres
used to control subsea structures from a platform or a vessel.
- Template: a steel protection structure with integrated
manifolds and wellheads.
- Manifold: a piece of pipe with several lateral outlets
and/or inlets for connecting one pipe with others.
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Technip is a world leader in project management, engineering and
construction for the energy industry.
From the deepest Subsea oil &
gas developments to the largest and most complex Offshore and Onshore
infrastructures, our 40,000 people are constantly offering the best
solutions and most innovative technologies to meet the world’s energy
challenges.
Present in 48 countries, Technip has state-of-the-art
industrial assets on all continents and operates a fleet of specialized
vessels for pipeline installation and subsea construction.
Technip
shares are listed on the NYSE Euronext Paris exchange and traded in the
USA on the OTCQX marketplace (OTCQX: TKPPY).
Contacts:
Technip
Public Relations
Christophe Bélorgeot,
Tel. +33 (0) 1 47 78 39 92
or
Laure Montcel, Tel. +33 (0) 1 49
01 87 81
E-mail: press@technip.com
or
Investor
and Analyst Relations
Kimberly Stewart, Tel. +33 (0) 1 47 78 66
74
E-mail: kstewart@technip.com
or
Aurélia
Baudey-Vignaud, Tel. +33 (0) 1 85 67 43 81
E-mail: abaudeyvignaud@technip.com
or
Michèle
Schanté, Tel. +33 (0) 1 47 78 67 32
E-mail: mschante@technip.com
or
More
information
Websitehttp://www.technip.com
@TechnipGroup
Source: Technip
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