Technip Awarded Fabrication and Installation Contracts by Statoil for Johan Sverdrup and Oseberg Vestflanken
11 February 2016 - 5:00PM
Business Wire
Leveraging its unique subsea integrated approach
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded
by Statoil ASA two lump sum contracts for infield pipeline
construction for the Johan Sverdrup Development and the Oseberg
Vestflanken 2 projects.
The Johan Sverdrup field is one of the largest oil fields in the
North Sea and was discovered late 2011. The first development phase
is targeted to be on-stream in 2019.
The Oseberg Vestflanken 2 project is a development of the oil
and gas structures Alfa, Gamma and Kappa, approximately located at
8 kilometers northwest of the Oseberg field center.
The contracts awarded to Technip cover:
- fabrication and installation of 29
kilometers of plastic lined 16” water injection flowlines for Johan
Sverdrup,
- fabrication and installation of 7.5
kilometers of 14” production pipeline and 9 kilometers of 10” gas
injection pipeline for Oseberg Vestflanken 2.
While both projects will be executed by Technip’s operating
center in Lysaker, Norway, the Group will leverage its unique
subsea integrated approach from fabrication to installation:
- the flowlines will be welded and
fabricated at the Technip spoolbase in Orkanger, Norway,
- installation will be carried out by
Technip’s state-of-the-art reel-lay vessel Deep Energy, during the
second half of 2017.
Odd Strømsnes, Managing Director of Technip in Norway,
commented: “We are delighted to have been awarded these two
prestigious contracts by Statoil in a very competitive business
environment. This demonstrates Technip’s leading position in
fabrication and installation of complex flowlines. We are looking
forward to execute these projects collaboratively with Statoil in
order to achieve the project goals.”
Fast facts about subsea products
- 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.
- Spoolbase: facility which is primarily used for the
fabrication and spooling of rigid pipe onto vessels with Reel-lay
capability. Technip owns and operates four rigid pipe spoolbase
facilities located close to clients' deepwater developments.
- More information on Technip’s spoolbases here:
http://www.technip.com/en/our-business/fleet-facilities/spoolbases
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
36,000 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 Euronext Paris exchange and
traded in the USA on the OTCQX marketplace (OTCQX: TKPPY) as
American Depositary Receipts.
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