Leveraging its unique subsea vertical integration
Company Website:
http://www.technip.com
PARIS -- (Business Wire)
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a
lump sum contract by Deep Gulf Energy III, LLC (“DGE”) for the
development of the South Santa Cruz and Barataria fields. These
ultra-deepwater fields are located in Mississippi Canyon, offshore New
Orleans, in the Gulf of Mexico, in approximately 2,000 meters of water
depth.
The contract consists of:
-
Project management and engineering services,
-
Fabrication and installation of approximately 23 kilometers of
pipe-in-pipe flowline,
-
Design, fabrication and installation of flowline end terminations,
-
Fabrication and installation of jumpers,
-
Pre-commissioning for the flowline.
Covering all aspects of the field development from engineering to
design, manufacturing and installation, this new award highlights
Technip’s unique vertical integration in the subsea business environment.
Technip's operating center in Houston, Texas, USA, will manage the
overall project. The flowline system will be fabricated at the Group’s
spoolbase in Mobile, Alabama, USA. The offshore installation is expected
to be performed in the second half of 2016 by Technip’s vessel the Deep
Blue, the Group’s flagship vessel for deepwater pipelay.
Deanna Goodwin, President of Technip in North America commented: “This
contract award by DGE is a testament to their continued trust in
Technip’s execution expertise and asset capabilities. I am pleased that
this award comes in conjunction with the successful completion of the
Kodiak project and with the recent award of the Odd Job project. This
will allow us the opportunity to further strengthen the relationship
with our client into 2016.”
Fast facts about subsea products
- Pipe-in-pipe flowline: steel pipes assembly consisting of a
standard production pipe surrounded by a so-called carrier pipe. The gap
between the carrier and production pipes is filled with an insulation
material.
- 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.
- Jumper: a short section of pipe for the connection of two
subsea structures.
- Flowline end termination: a subsea structure which connects
rigid flowline and flexible riser.
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 36,000 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 Euronext Paris exchange and traded in the USA
on the OTCQX marketplace (OTCQX: TKPPY) as American Depositary Receipts.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160208006162/en/
Contacts:
Public Relations
Laure Montcel
Tél. +33 (0) 1 49 01 87
81
Delphine Nayral
Tél. +33 (0) 1 47 78 34 83
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
Aurélia
Baudey-Vignaud
Tel. +33 (0) 1 85 67 43 81
E-mail: abaudeyvignaud@technip.com
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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