Technip Awarded Renewal of Subsea Services Framework Agreement with Statoil,
Exxon Mobil & Gassco
PARIS -- July 8, 2014
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a new
framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea
intervention and repair contingency services. Under the terms of this
framework agreement, a replacement of an existing frame agreement held for
eight years, Technip will provide these services for the next four years. This
contract, effective from December 1^st 2014, also includes an option for
additional periods up to seven years.
*The services comprise diving and remote operations using the Group’s
dedicated diving support vessels (DSVs) and/or construction vessels.
*The area of operation includes continental areas from the Barents Sea to
the Mediterranean Sea, the Baltic Sea and North Atlantic Ocean as well as
Newfoundland, Canada. The area of operation may be extended globally based
on Statoil's future requirements.
Technip’s operating center in Stavanger, Norway, will administrate and execute
the projects under this framework agreement, supporting Statoil on demanding
projects requiring saturation diving, air diving and/or equipment spreads from
the Pipeline Repair System (PRS) Pool.
Odd Strømsnes, Managing Director of Technip in Norway, states: “This framework
agreement will enable us to consolidate our excellent relationship with
Statoil. We are proud to provide our services to all members of the PRS Pool
for the maintenance of underwater pipelines, requiring advanced technology.
With both DSV and construction vessels currently under construction, Technip
maintains its commitment to developing a world-class fleet to support Statoil
and other operators combining diving and ROV operations.”
*Pipeline Repair System: this system comprises a wide range of equipment
for pipeline repair, both manned and remotely operated, including
automatic welding machines, habitats, hot tap units, concrete removal
tools, etc. The PRS is managed by Statoil on behalf of the members of the
*ROV (Remotely Operated Vehicle): an unmanned subsea vehicle, remotely
controlled from a vessel or an offshore platform. It is equipped with
manipulator arms, which enable it to perform simple operations.
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 40,000 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).
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