USA: Technip Rings Tubular Bells
- Business & Finance
Technip has received a lump sum contract by Hess Corporation for the development of the Tubular Bells field, located in the Mississippi Canyon area of the Gulf of Mexico at a water depth of approximately 4,500 feet (1,370 meters).
The contract covers the design, engineering, fabrication and subsea installation of more than 28 miles (45 kilometers) of flowlines, steel catenary risers, pipeline end terminations, piles and structures.
Technip’s operating center in Houston, Texas will perform the overall project management. The flowlines and risers will be welded at the Group’s spoolbase in Mobile, Alabama.
Offshore installation is scheduled to be completed with the Deep Blue, one of Technip’s deepwater pipelay vessel, during the first half of 2013.
On October 25, 2011, Hess announced it would proceed with the development of the Tubular Bells field. Total estimated recoverable resources for Tubular Bells are estimated at more than 120 million barrels of oil equivalent. The development is estimated to cost $2.3 billion.
Offshore Energy Today Staff, February 20, 2012; Image: Technip