Technip-Coflexip wins 60 million euros marine operations contract on Statoil's Kristin field, offshore Norway
Technip-Coflexip (NYSE: TKP, Euronext: 13170), through its Norwegian affiliate Technip Offshore Norge AS, has been awarded by Statoil an EPCI (engineering, procurement, construction, installation) contract for the installation of the infield flowlines, umbilicals and subsea structures at the Kristin field. The contract, valued above 60 million euros, includes the following: Installation of 4 off manifolds, 39 km of 10” production flowlines (13% Cr) w/direct electrical heating cables, 22 km of 12” oil export line to Åsgard C, 16 km umbilical/service line and 26 km fiber optic cable, tie-in spools and subsea tie-in to templates. All linepipe, umbilicals and manifolds are supplied by Statoil.
The project management and engineering for the work will be performed in Oslo, Norway and the fabrication of the flowline will take place at Technip Offshore Norge’s welding base in Orkanger. Several of the Technip-Coflexip’s vessels will be used for the offshore installation activities.
Carl Holmen, Managing Director of Technip Offshore Norge AS, stated: “The Kristin contract has been a key target for our company, and we are extremely pleased to be awarded this comprehensive project by Statoil. This is again a tribute to the competence of our internal resources, and a confirmation of the suitability and competitiveness of our group assets”.
With a workforce of about 18,000, Technip-Coflexip ranks among the top five in the field of oil and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York (NYSE: TKP) and in Paris (Euronext: 13170). The main engineering and business centers of Technip-Coflexip are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world class fleet of offshore construction vessels.
Statements in this news release other than historical financial information are forward-looking statements subject to risks and uncertainties. Actual results could differ materially depending on factors such as capital expenditures in the oil and gas industry, the timing of development of offshore energy resources, materialization of construction risks, the strength of competition, interest rate movements and stability in developing countries.
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