Technip Wins Umbilical Contract for Kaombo Project in Angola
April 18 2014 - 1:00AM
Business Wire
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) announces
that a consortium composed of Angoflex Ltda(1) (owned jointly with
Sonangol) and DUCO Ltd(2), has been awarded a large(3) lump-sum
contract by Total E&P Angola. The contract consists of the
umbilical system part of the Kaombo project, located in Block 32
offshore Angola in water depths up to 2,000 meters.
The scope of work covers the engineering, procurement and
fabrication of 120 kilometers of umbilicals, the majority of which
will be manufactured at the Angoflex facility in Lobito, Angola.
The project will be one of the largest umbilical project to be
manufactured in Lobito following a major expansion of the plant
capabilities in 2012.
The contract will be managed from DUCO Ltd in the UK, which will
bring its experience and expertise to perform the project
management, engineering and procurement activities.
The project will start immediately with first umbilical
deliveries in Angola scheduled for 2016. The project is scheduled
for completion in 2017.
Jean Louis Rostaing, Managing Director of DUCO Ltd, said: “We
are very proud to have been selected again by Total to support this
major Angolan development, which is the largest umbilical supply
contract awarded to Technip. This contract is an excellent example
of our capabilities to deliver large and complex umbilical projects
and our unique position to manufacture umbilicals locally in
Angola.”
This award follows the announcement of the contract won by the
consortium of Technip and Heerema Marine Contractors (Heerema), for
the engineering, procurement, construction, installation (EPCI) and
pre-commissioning for the SURF (subsea umbilicals, risers and
flowlines) part of the Kaombo project.
(1) Angoflex is a joint company between Technip (70%) and
Sonangol (30%)(2) DUCO is a wholly-owned subsidiary of Technip(3)
For Technip, a “large” subsea contract is ranging from €250 to €500
million.
Fast Facts
About subsea products
- Umbilical: an assembly of steel tubes and/or
thermoplastic hoses which can also include electrical cables or
optic fibers used to control subsea structures from a platform or a
vessel. Umbilical systems are the critical link in subsea
operations, relaying power, communications and chemicals between
hydraulic-operated equipment on the seafloor and a platform or
support vessel
° °
Technip is a world leader in project management, engineering and
construction for the energy industry. From the deepest Subsea oil
& gas developments to the largest and most complex Offshore and
Onshore infrastructures, our 40,000 people are constantly offering
the best solutions and most innovative technologies to meet the
world’s energy challenges.Present in 48 countries, Technip has
state-of-the-art industrial assets on all continents and operates a
fleet of specialized vessels for pipeline installation and subsea
construction.Technip shares are listed on the NYSE Euronext Paris
exchange and ADR is traded in the US on the OTCQX marketplace as an
American Depositary Receipt (OTCQX: TKPPY).
TechnipPublic RelationsFloriane Lassale-Massip
Tel. +33 (0) 1 47 78 79 32E-mail: press@technip.comorLaure Montcel
Tel. +33 (0) 1 49 01 87 81E-mail: press@technip.comorInvestor
and Analyst RelationsKimberly Stewart Tel. +33 (0) 1 47
78 66 74E-mail: kstewart@technip.comorWebsite
http://www.technip.com
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