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Middle East Subsea Contract for Technip

Maritime Activity Reports, Inc.

July 2, 2012

Dubai Petroleum award an engineering, procurement, installation and commissioning (EPIC) contract to Technip

The contract is for work in the South West Fatah and Falah fields, located 90 kilometers offshore Dubai, United Arab Emirates, at a water depth up to 53 meters.

The EPIC contract scope includes the replacement of a 12-inch gas pipeline and six 18-inch water injection pipelines.

Technip’s operating center in Abu Dhabi, United Arab Emirates, will execute the contract, which is scheduled to be completed at the end of 2012. Technip’s flagship S-Lay installation vessel, the G1201, will be used for pipelaying, as well as a diving support vessel.

Arturo Grimaldi, Senior Vice President of Technip in the Middle-East, declared: “This contract is a significant milestone for Technip in the Middle East. It confirms our entry into the promising subsea business in the region, where we were traditionally focused on the onshore and offshore markets, thanks notably to positions and assets gained from the acquisition of Global Industries in 2011.”

 

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