Breaking News

Shooting Reported at High School North of Seattle
Tweet TWEET

Technip awarded an important EPCI contract for the G1200 to develop the Starfish field in Trinidad and Tobago

  Technip awarded an important EPCI contract for the G1200 to develop the
  Starfish field in Trinidad and Tobago

Business Wire

PARIS -- December 06, 2012

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by BG International Ltd
(BG) a lump sum engineering, procurement, commissioning and installation
(EPCI) contract for the development of the Starfish field. Located in the East
Coast Marine Area, offshore Trinidad, the field lies at a water depth of
approximately 130 meters and will be tied back to the existing Dolphin ‘A’
Platform operated by BG.

The EPCI contract covers the project management, detailed design and
procurement of:

  *a 14” 10-kilometer concrete coated production flowline^(1),
  *an 11-kilometer control umbilical^(2),
  *riser^(3) and spoolpiece tie-ins,
  *four flexible jumpers^(4).

In addition, the following client-supplied items will be installed:

  *a subsea manifold^(5),
  *topsides high integrity pipeline protection system (optional).

Technip's operating center in Houston, Texas will perform the overall project
management with detailed design being completed by Genesis, a wholly-owned
Technip subsidiary. The umbilical will be manufactured by Technip’s Duco Inc.
facility in Channelview, Texas and the flexible jumpers will be manufactured
by Technip’s Flexi France plant in Le Trait, France.

Offshore installation is expected to be performed in mid-2014 with the G1200
as the primary installation vessel for all pipelay, umbilical lay and heavy
lift operations. Diving and construction will be completed by one of Technip’s
diving support vessels, supported by the diving division also coming from
Global Industries.

David Dickson, Technip’s Senior Vice President, North America Region, has
declared: “This project is an excellent example of the value of vertical
integration within the expanded capability of Technip’s subsea offering. The
S-Lay and heavy lift capability of the G1200 has allowed us to increase our
accessible market.”

^(1) Flowline: a pipe, laid on the seabed, which allows the transportation of
oil/gas production or injection of fluids. Its length can vary from a few
hundred meters to several kilometers.
^(2) Umbilical: an assembly of steel tubes and/or thermoplastic hoses which
can also include electrical cables or optic fibres used to control subsea
structures from a platform or a vessel.
^(3) Riser: a pipe or assembly of pipes used to transfer produced fluids from
the seabed to the surface facilities or to transfer injection fluids, control
fluids or lift gas from the surface facilities and the seabed.
^(4) Jumper: a short section of pipe for the connection of two subsea
structures.
^(5) Manifold: a piece of pipe with several lateral outlets and/or inlets for
connecting one pipe with others.

Technip is a world leader in project management, engineering and construction
for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 32,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and the USA
over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).

Contact:

Technip
Public Relations
Christophe Bélorgeot
Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip
Tel. +33 (0) 1 47 78 32 79
E-mail: press@technip.com
Investor and Analyst Relations
Kimberly Stewart
Tel. +33 (0) 1 47 78 66 74
E-mail: kstewart@technip.com
Apollinaire Vandier
Tel: +33 (0) 1 47 78 60 74
E-mail: avandier@technip.com
Website
http://www.technip.com
 
Press spacebar to pause and continue. Press esc to stop.