Subsea 7, Technip Awarded Contracts for TEN Project in Ghana

Subsea 7 S.A. announced the award of a contract by Tullow Ghana Limited for the TEN Project offshore Ghana in water depths reaching up to 2000 metres.

The contract awarded to a consortium of Subsea 7 and Technip has a combined value of approximately USD 1.23 billion. Subsea 7’s share of the contract is valued at approximately US$500 million, and Technip’s share is about USD 730 million.

Subsea 7’s scope of work includes the engineering, procurement, fabrication, transport and installation of 36 kilometres of pipe-in-pipe flowlines, related flowline termination structures, and structure foundation piles. The scope also includes transport and installation of manifolds, riser bases and flying leads. There is a significant fabrication scope of work which will be executed in Ghana. Onshore operations will be led by a team who will be located in Ghana.

Engineering will commence immediately with offshore installation scheduled to commence in mid-2015, using the Seven Borealis. The offshore installation is scheduled to be completed in the second half of 2016.

Olivier Carré, Senior Vice-President for Africa and Gulf of Mexico said: “We are delighted to be awarded this contract which demonstrates Tullow’s confidence in our ability to deploy our technologies and assets to a large deepwater project offshore Ghana. This contract award further expands our strong presence in West Africa into a new country of operations for Subsea 7.”

Technip’s scope of work includes the engineering, fabrication and installation of 9 flexible risers, 3 flexible flowlines and 12 flexible spools totaling 48 kilometers. It also includes engineering, fabrication and installation of 33 kilometers of water injection and gas injection rigid flowlines, installation of about 63 kilometers of static and dynamic umbilicals, engineering, pre-fabrication, final assembly and installation of 10 well rigid jumpers and the delivery of further 6 prefabricated rigid jumpers.

Technip’s Frédéric Delormel, Executive Vice President and Chief Operating Officer Subsea, added: “While the oil and gas market is rapidly growing in Ghana, we are proud to continue to contribute to the development of this country. Today, this new award demonstrates our ability to mobilize worldwide resources to bring strong know-how and technological innovation meeting the challenges of projects in ultra-deepwater.”

The TEN Field is located in the Deepwater Tano Contract Area, 60 kilometres off the coast of Ghana and approximately 30 kilometres west of the Tullow Operated Jubilee Field. Tullow Ghana Limited (a subsidiary of Tullow Oil plc) is Operator of the Deepwater Tano Contract Area with an interest of 47.175%. Other partner interests are Kosmos Energy (17%), Anadarko Petroleum (17%), Sabre Oil & Gas Holdings Ltd, a wholly owned subsidiary of Petro SA (3.825%), and the Ghana National Petroleum Corporation (15%).

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Press Release, October 31, 2013; Image: Subsea 7