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Technip Wins Contract from Statoil for Åsgard Gas Transfer Project

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Dec 10 2009

Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded by Statoil ASA an engineering, procurement, construction and installation lump sum contract, worth in excess of €23 million, for the Åsgard Gas Transfer Project. The Åsgard field is located on the Norwegian Continental Shelf at a water depth of 300 meters.

The contract covers fabrication and installation of an approximately 4 kilometer-long rigid flowline in 2010 and the replacement of two flexible risers in 2011.

The contract will be executed by the Group’s operating center in Oslo, Norway. The flowline fabrication will be executed by the Technip spoolbase in Orkanger while installation will be performed by the newly converted Apache II. The marine operations in 2011 will be from Skandi Arctic.

Source: http://www.technip.com/english/index.html

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