Callon Petroleum Company News

Technip said it has won a deepwater pipeline installation contract from Callon Petroleum Company for the Entrada oil field development in the . Technip will be responsible for installation of two 6.5-mile steel flowlines in a water depth of 1,364 m (4,475 ft) connected to two subsea wells, plus pipeline end terminations and inline structures and steel catenary risers which will be hooked up to the Magnolia production platform, at a depth of 1,452 m (4,675 ft), reports said. Technip will  provide engineering and procurement for the offshore project, which will use its Deep Blue installation vessel in the third quarter this year.

Natchez, Miss.-based Callon Petroleum Company announced it has elected Larry D. McVay to its board of directors. Callon Petroleum is an oil and gas exploration and production company, with 80 percent of its reserves located in deepwater regions of the Gulf of Mexico. McVay is a graduate of Texas Tech has 38 years of management and leadership experience with Amoco, BP and TNK-BP. “We are very fortunate to have someone with Larry’s extensive senior management experience and engineering expertise join our board,” said Fred Callon, the company’s chairman and CEO. Callon’s properties are concentrated in Louisiana, Alabama and offshore waters of the Gulf of Mexico.