Technip awarded two subsea contracts for Statoil's Åsgard and Gudrun & Valemon projects
- 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.
New Kid on the Block
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
Join 80,000 oil and gas professionals who receive our weekly newsletter.
You may unsubscribe at any time with one click.
Upcoming OilVoice Training Course
Introduction to Seismic Data Acquisition and Processing
Course Summary: This course is designed for people who wish to gain a thorough introduction to seismic acquisition (2D/3D/4D) and the processing of the acquired data. We will look at both land and marine seismic and explain the concepts behind the methods, but without the complex mathematics that ar...
All OilVoice Training Courses