Technip awarded substantial subsea contract for the Julia project in the
Gulf of Mexico
PARIS -- June 5, 2013
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a
substantial^(1) lump-sum contract by Exxon Mobil Corporation for the
development of the Julia field. This field is located in the Walker Ridge area
of the Gulf of Mexico, at a water depth of approximately 2,100 meters (7,200
The contract covers the project management, engineering, fabrication,
installation and pre-commissioning of more than 48 kilometers of 10.75-inch
outer diameter insulated flowlines^(2), steel catenary risers^(3) and flowline
Technip's operating center in Houston, Texas, will perform the overall project
management, with detailed flowline design being completed by Genesis,
Technip’s wholly-owned subsidiary. The flowlines and risers will be welded at
the Group’s spoolbase in Mobile, Alabama. The offshore installation is
expected to be completed in 2015 by the Deep Blue, one of Technip’s deepwater
David Dickson, Technip’s Senior Vice President, North America Region, has
declared: “Following the award of the Hadrian South natural gas project by
Exxon Mobil Corporation in 2012, this new project further reinforces our
leading position in the Gulf of Mexico ultra-deepwater market.”
^(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) 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.
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, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
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