Technip awarded two subsea contracts for Statoil's Åsgard and Gudrun & Valemon projects

Wednesday, February 29, 2012
  • The total value of the contracts is around €45 million.
  • The work will be executed in 2012.

Technip was awarded two subsea contracts under the Diving Frame Contract with Statoil, for the Åsgard and Gudrun & Valemon projects. The total value of the contracts is around €45 million.

The Åsgard contract includes deep water testing of the PRS(1) remote hot-tap(2) equipment, preparations works, installation of protection structures and the first remote retrofit tee hot-tap operation ever performed. The water depth on the Åsgard field is up to approximately 300 meters. The work will be executed in 2012.

The Gudrun & Valemon contract includes installation and tie-in of spools and power cable and also a Morgrip midline tie-in, all performed by divers. The water depth on the fields is approximately 140 meters. The work will be executed in 2013 and 2014.

The contracts will be executed by Technip's operating center in Stavanger and Haugesund, Norway.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

Related News

Join 70,000 other oil and gas professionals

Network with others, build your profile, and receive the latest oil and gas news in your inbox. It's free!

Your details are never shared or sold. We hate spam too.

» More Jobs       » Upload a free Job       » Upload your CV

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Why oil exports are not like ice cream
    Support for lifting the 40-year ban on crude oil exports is growing in Congress, but before we embrace the idea of selling U.S.-produced oil overseas, we need to ...
  • Should we be in the Arctic?
    The sanctions-driven freeze on US and European involvement in the Russian Arctic gives us time to consider a fundamental question: Should we be exploring in the Arctic at ...

» More Opinion & Commentary         » Write for us             RSS RSS

Oil & Gas Training

Integrated Subsurface Description for Reservoir Development & Production
Mike Bowman, London, 15 Oct 2014

Delivering Information Management
Alan Smith, London, 28 Oct 2014

Mastering 4D Seismic
Ian Jack, London, 06 Nov 2014

All Upcoming Training


Opinions & Commentary

Rosneft and Gazprom break into Brazil

by Joe Parson

Read More »