Subsea Ultra-Deepwater Market Alliance

Press Release
Thursday, October 18, 2012

Technip and Heerema Marine Contractors sign a worldwide alliance agreement to share in offshore sector activities.

The two companies intend to combine their capabilities to help their clients best address the fast growing subsea ultra-deepwater market.

Ultra-deepwater projects are expected to be the fastest growing part of the subsea market over the next several years, developments expected to have significant challenges for clients.  For example, ultra-deepwater infield pipelines are forecast to grow at a yearly pace more than 15% between 2012 and 2017.

The five-year alliance agreement makes available the complementary assets of the two companies for ultra-deepwater EPCI (Engineering, procurement, construction and installation) projects in all subsea markets requiring substantial tensioning capability and brings:
    •    Worldwide commercial footprint,
    •    International network of engineering centers,
    •    Leading edge technologies supported by growing R&D spend,
    •    Strong project management capabilities and experience in very large and complex ultra-deepwater projects,
    •    Unmatched network of logistic bases and manufacturing plants,
    •    High tension J-Lay vessels, provided by Heerema through their installation vessels Aegir (under construction) and Balder,
    •    S-Lay and Reel-Lay assets of both companies, as needed.

Technip and Heerema teams start to work together immediately to implement this exclusive agreement.




 


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