Filter news

57278 articles online
Opinion & Comm.
Keyword

All words
Any words

Added
 

Article Tools

 

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 Companies

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.

Key Supporters


 

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

More Europe Jobs

More Global Jobs

Opinion & Commentary

  • Are oil and gas companies capable?
    Investors, at least those in the UK, are deeply disillusioned with the oil & gas sector, not because they think the oil price is going to drop any time soon, nor beca ...

» More Opinion & Commentary         » Write for us             RSS RSS

OilVoice Magazine
Oil Echo
Oil Earth

Opinions & Commentary

Oil price, Shell and finally...

by Malcolm Graham-Wood

Read More »