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Article: Technip Awarded Contract for the Oselvar Field Development in Norway.
- Article from:
- Business Wire
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PARIS -- Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded by DONG E&P Norge AS an engineering, procurement, construction and installation lump sum contract, worth in excess of [euro]45 million, for the Oselvar field development(1). This field is located on the Norwegian Continental Shelf, 250 kilometers offshore Norway, at a water depth of 72 meters.
The contract covers turnkey delivery of an approximately 27 kilometer-long pipe-in-pipe flowline(2), installation of an umbilical(3) and subsea equipment and tie-ins.
Oselvar is the first major Subsea contract awarded to Technip by DONG. It will be executed by the Group's ...