Leveraging its state-of-the-art manufacturing plant in Newcastle, UK
Company Website:
http://www.technip.com
PARIS -- (Business Wire)
Regulatory News:
Technip’s (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) wholly-owned
subsidiary Technip Umbilicals Ltd.(1) has been awarded a
contract by Statoil ASA to supply the umbilical(2) to the
Oseberg Vestflanken 2 field offshore Norway. This field is located
approximately 8 kilometers North West of the Oseberg field center at
block 30/9-30/6 on the Norwegian continental shelf, at water depths of
100 meters.
The contract covers project management, engineering and manufacture of
over 9 kilometers of static steel tube umbilical. The umbilical includes
a large bore integrated service line and multiple power cables.
Technip Umbilicals’ facility in Newcastle, UK, will manufacture the
project, which is scheduled to be completed during the first half of
2017.
Sarah Cridland, Managing Director of Technip Umbilicals, said: “As a
company we have invested significantly in our Newcastle facility and it
is encouraging to see the award of contracts, such as Oseberg, from
this. This is an extremely important recognition to Technip Umbilicals
from Statoil.”
(1) Technip Umbilicals: a wholly-owned subsidiary of Technip
comprising of Technip Umbilicals Ltd. in Newcastle upon Tyne, UK,
Technip Umbilicals Inc. in Houston, USA, Angoflex in Lobito, Angola and
Asiaflex Products in Johor, Malaysia.
(2) Umbilical: an assembly of steel tubes and/or hydraulic
hoses which can also include electrical cables or optic fibres used to
control subsea structures from a platform or a vessel.
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 close to 32,500 people
are constantly offering the best solutions and most innovative
technologies to meet the world’s energy challenges.
Present in 45 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 its ADR is
traded in the US on the OTCQX marketplace as an American Depositary
Receipt (OTCQX: TKPPY).
View source version on businesswire.com: http://www.businesswire.com/news/home/20160524006553/en/
Contacts:
Technip
Public Relations
Laure Montcel, +33 (0) 1 49 01
87 81
Delphine Nayral, +33 (0) 1 47 78 34 83
press@technip.com
or
Investor
and Analyst Relations
Aurélia Baudey-Vignaud, +33 (0) 1 85 67
43 81
abaudeyvignaud@technip.com
or
Elodie
Robbe-Mouillot, +33 (0) 1 85 67 43 86
erobbemouillot@technip.com
or
More
information
http://www.technip.com
@TechnipGroup
Source: Technip
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