Technip Bags Umbilical Contract in the UK North Sea Worth Eur 14 Million

Equipment

July 16, 2010

Technip announces that its wholly-owned subsidiary Duco Ltd. has been awarded by BP Exploration Operating Company Ltd a contract, worth approximately €14 million, for the Andrew field development. This field is located 230 kilometers north east of Aberdeen, in the United Kingdom North Sea, at a water depth of 100-120 meters.

The contract covers engineering, project management services and fabrication of a 215-meter static riser umbilical* and a 29-kilometer static seabed umbilical. The umbilicals include over 600 kilometers of thermoplastic hoses and over 160 kilometers of electrical cables. In addition, the riser umbilical includes optical fibre cables.

The umbilical systems and thermoplastic hoses will be manufactured by Duco in its facility in Newcastle, United Kingdom. The project is scheduled for delivery in 2011. The award follows Duco’s proven track record in the supply of umbilical systems to BP worldwide and recently with the delivery of umbilicals for BP’s Skarv development in Norway.

(*) Umbilical: an assembly of 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 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.

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Source: Technip,July 13, 2010;