Technip Awarded Subsea Contract in Canada

Thursday, April 10, 2008

Technip has been awarded by Husky Oil Operations Limited, a subsidiary of Husky Energy, a major engineering, procurement, installation and commissioning (EPIC) contract for the development of the White Rose oil field’s North Amethyst Satellite. The contract is worth approximately €190 million.

It includes engineering, fabrication and installation of 23.7 kilometers of flexible flowlines(1) and 5.4 kilometers of umbilicals(2), the installation of manifolds and associated pipework.

Technip’s operating center in , will execute this contract. The flowlines will be manufactured at one of the Group’s flexible pipe plants, in . The umbilicals will be manufactured at one of the Group’s umbilical plants, in . Offshore installation is scheduled for 2009, using Technip’s vessels Deep Pioneer and Wellservicer.

This contract marks a new step in the relationship between Technip and Husky Energy, for whom Technip successfully completed the subsea production system contract for the White Rose field development in 2005.

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