Technip Awarded Two Subsea Contracts in Canada
PARIS -- May 8, 2013
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Husky Oil
Operations two contracts, with a combined substantial^(1) value, for the
planned subsea tieback of the South White Rose Extension field. The field is
an extension of the White Rose field, located in the Jeanne d’Arc Basin,
approximately 350 kilometers southeast of St. John’s, Newfoundland and
The first contract will be executed in 2013 and will include the supply and
installation of gas injection flowlines^(2), umbilicals^(3) and subsea
The second contract will take place in 2014 and will cover the supply and
installation of flowlines and subsea structures to support oil production and
Technip’s operating center in St. John’s will perform the management and
engineering of both projects, with various materials and equipment being
supplied from within the Group and local supply chain.
Knut Boe, Senior Vice President of Technip’s North Sea-Canada Region,
commented: “These two awards reinforce Technip’s continuous involvement in
Atlantic Canada’s offshore oil and gas projects. They also mark a new step in
the relationship between Technip and Husky Oil Operations, for whom we
successfully completed the subsea production system contract for the White
Rose field development in 2005.”
^(1) For Technip, a “substantial” subsea contract is ranging from €100 to €250
^(2) Flowline: a flexible or rigid 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.
^(3) Umbilical: an assembly of steel tubes and/or 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 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 36,500 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).
Christophe Bélorgeot Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip Tel. +33 (0) 1 47 78 32 79
Investor and Analyst Relations
Kimberly Stewart Tel.+33 (0) 1 47 7866 74
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