Technip, Subsea 7 Win $1.2 Bln TEN Project Job Offshore Ghana
- Business & Finance
Technip, leader of a consortium with Subsea7, has been awarded by Tullow Ghana Limited two contracts for the TEN Project, located offshore Ghana, at a water depth reaching up to 2,000 meters. Together, those two contracts have a combined value of approximately USD 1.23 billion, with a Technip share of about USD 730 million.
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; 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(5) and delivery of further 6 prefabricated rigid jumpers.
For the benefit of this project in ultra-deep water requiring technical innovation, Technip has mobilized its worldwide organization combining together know-how and various areas of expertise. Thus, Technip’s operating center in Paris, France, will execute this project with the support of the Group’s offices in Accra, Ghana. The flexible pipes will be fabricated at Technip’s Flexi France facility in Le Trait, France and the rigid flowlines at the Group’s spoolbase in Evanton, UK. The offshore installation is scheduled to be completed in the second half of 2016.
The TEN Field is located in the Deepwater Tano Contract Area, 60 kilometers off the coast of Ghana and approximately 30 kilometers 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 subsidiary of Petro SA (3.825%), and the Ghana National Petroleum Corporation (15%).
Frédéric Delormel, Executive Vice President and Chief Operating Officer Subsea, declared: “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.”
Jean-Marc Aubry, Senior Vice President, Technip’s Region A stated: “We have been operating in Ghana for over four years, when we were awarded the Jubilee project, the first deep water field ever developed in this country. These new awards correspond to a significant milestone for our presence in Ghana.”
Subsea 7’s share of the contract is valued at approximately US$500 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 start immediately with offshore installation scheduled to commence in mid-2015, using the Seven Borealis.
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.”
October 31, 2013