(EnergyAsia, October 24 2012, Wednesday) — France’s Technip and its consortium partner, China Offshore Oil Engineering Co Ltd (COOEC), have secured a 200-million euro contract to provide engineering, procurement, installation and construction services for an offshore oil and gas exploration project.
Technip said the contract was awarded by China National Offshore Oil Corporation (CNOOC) Deepwater Development Limited, a CNOOC subsidiary, to develop deepwater gas reserves in the South China Sea’s Panyu field, located about 150 kim south of Hong Kong.
The consortium will provide the services for a new subsea production system with six wells and its associated control system tied up to a new central processing platform. The contract covers the supply and installation of a 10” and a 6” diameter clad-lined pipelines, steel tube umbilicals and associated equipment.
“This award represents a major step forward to reinforce Technip’s strong presence in the emerging Chinese subsea market. We are delighted to have COOEC as our consortium partner to deliver this prestigious project to our key client, CNOOC,” said Technip.
As the consortium leader, Technip said its operating center in Kuala Lumpur, Malaysia will execute the contract with the support of COOEC. Duco Inc, Technip’s umbilical manufacturer in Houston, Texas, will fabricate the umbilicals while its Kuala Lumpur subsidiary, Genesis, will provide the engineering support and detailed design.
Offshore installation is scheduled to be completed in two phases during the third quarter of 2013 and the second quarter of 2014, using the Deep Orient, one of Technip’s deepwater construction vessels, and the HYSY 201, COOEC’s pipelay vessel.
Hallvard Hasselknippe, chief operating officer of Technip Subsea Division for the Asia Pacific, said:
“This award represents a major step forward to reinforce Technip’s strong presence in the emerging Chinese subsea market. We are delighted to have COOEC as our consortium partner to deliver this prestigious project to our key client, CNOOC.”