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.




 

Maritime Reporter February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Davie Building LNG-powered Ferries

Canadian shipbuilder Davie held a keel laying ceremony for MV Armand-Imbeau II, marking the beginning of the hull assembly for this first of two sisterships under

Lithuania Looks to U.S. for Gas

Lithuanian liquefied natural gas (LNG) importer Litgas has signed a preliminary agreement with a U.S. supplier, looking to lessen the Baltic nation's dependence on Russia.

Petrobras Denies Hiring JPMorgan for License Sales

Petróleo Brasileiro SA denied on Friday that it has hired JPMorgan Chase & Co to handle the sale of oil exploration licenses in deep-sea areas off the coast this year.

Offshore

Hercules Offshore Shares Fall 33%

Drilling contractor Hercules Offshore Inc's shares fell as much as 33 percent to a record low on Friday, a day after Deutsche Bank cut its price target on the company's stock to $0.

Brightoil Reports Steady Growth in Interim Results

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period,

Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1901 sec (5 req/sec)