(EnergyAsia, December 24 2013, Tuesday) — France’s Technip said it and China Offshore Oil Engineering Co Ltd (COOEC) have signed a five-year agreement to meet the Asian country’s growing demand for engineering, procurement, construction and installation services to serve its deepwater exploration and production sector.
The agreement combines the partners’ know-how, technical resources, complementary assets as well as commercial and financial capabilities to target subsea umbilicals, risers and flowlines (SURF) projects at water depths exceeding 200 meters in China. Umbilicals are an assembly of hydraulic hoses that include electrical cables and optic fibres used to control subsea structures from a platform or a vessel.
A riser is a pipe or assembly of pipes used to transfer produced fluids from the seabed to the surface facilities or to transfer injection fluids, control fluids or lift gas from the surface facilities and the seabed.
A flowline is a pipe, laid on the seabed, to deliver oil and gas or inject fluids.
This agreement follows the successful award, at the end of 2012, to the COOEC-Technip Consortium of the CNOOC Panyu 34-1/2 development project.
Technip said it signed the agreement in September with China’s largest offshore engineering and construction company to follow on last year’s award by CNOOC of a contract to the COOEC-Technip consortium to help develop the offshore Panyu 34-1/2 project.
The Paris-based firm is a world leader in project management, engineering and construction for the energy industry.