PARIS--(BUSINESS WIRE)--Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by GDF SUEZ an engineering, procurement, construction and installation contract, worth approximately €45 million, for the Gjøa field development located in the Norwegian sector of the North Sea.
This contract covers:
-- engineering and fabrication of two smoothbore gas export risers* to connect the Gjøa platform with the gas export pipeline,
-- removal of the existing roughbore risers and installation of the two new smoothbore risers,
-- tie-ins and pre-commissioning activities.
Technip’s operating center in Oslo, Norway will execute the contract. Fabrication of the risers will take place in the Group’s flexible pipe plant in Le Trait, France. Offshore installation, which will be executed with notably the Skandi Arctic, a vessel from Technip fleet, is scheduled to be completed in the second half of 2011.
* Riser: a pipe or assembly of pipes used to transfer produced fluids from the seabed to surface facilities.
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Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.
With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.
Present in 48 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.
The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.
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