Egret Phase 1 News

Technip-Coflexip has recently been awarded a contract by Brunei Shell Petroleum Co. (BSP) for its Egret Phase 1 Gas Development Project, offshore Brunei. This contract is the first one with BSP. Under the terms of a lump sum contract, worth about $22 million, Technip-Coflexip will be responsible for project management, engineering, procurement and fabrication. Main facilities will include: a 12-slot drilling platform (EGDP-01), made up of an 860-ton topside and a 770-ton jacket in 60 meters of water depth and a 15-kilometer subsea cable. The contract will be executed at Kuala Lumpur by Technip Far East in conjunction with Technip Engineering Brunei, a local affiliate of the Technip-Coflexip Group. Completion is scheduled for Q4 2003.