Technip Awarded Two Flexible Pipe Supply Contracts for the Egina Field in
PARIS -- July 26, 2013
Regulatory News :
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded two contracts,
worth a substantial^(1) total value, to supply flexible pipes for the Egina
field operated by Total Upstream Nigeria Ltd, offshore Nigeria.
These contracts cover the qualification and supply of:
*12 dynamic flexible jumpers^(2) from 3.5" to 12.5" for oil production, gas
lift, water injection and gas export, to connect the single top tension
risers^(3) to the floating production storage and offloading unit (FPSO),
*two 20.5” unbonded flexible pipes as oil offloading lines (OOL) connecting
the FPSO to the offloading buoy,
*associated ancillary equipment.
Flexi France, the Group’s facility in Le Trait, will manufacture the flexible
pipes which are scheduled to be delivered in 2015 for the jumpers and in 2016
for the OOL.
Jean-François Niel, Technip’s Vice President Manufacturing, declared: “These
contracts cover complex dynamic applications and include the largest flexible
pipes manufactured to date by Technip, confirming our leading position for the
supply of high-specification and large-diameter flexible pipes.”
As announced on July 4, Technip’s wholly-owned subsidiary, DUCO Ltd, was also
awarded an important contract by Upstream Nigeria Ltd to supply umbilicals^(4)
for the same project. These awards reinforce our long-term industrial
footprint in West Africa and our presence in the Nigerian buoyant subsea
market, where we have been active for more than 30 years.
^(1) For Technip, a “substantial” subsea contract is ranging from €100 to €250
^(2) Jumper: a short section of pipe for the connection of two subsea
^(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) 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 38,000 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 traded in
the USA on the OTCQX marketplace (OTCQX: 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
David Tadbir, Tel. +33 (0)1 40 90 19 04
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