PARIS--(BUSINESS WIRE)--
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (TKPPY) was awarded by Shell
Offshore Inc. (“Shell”) a contract for the development of subsea
infrastructure for the Stones
project. Included in the service are two subsea production tie-backs
to the Floating Production, Storage and Offloading (FPSO) vessel. The
Stones field is located in the Walker Ridge area in the US Gulf of
Mexico, at a water depth of 2,930 meters along the pipelay route.
The contract covers:
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engineering of the required second pipeline end terminations (PLETs),
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fabrication of the PLETs and piles,
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installation of the subsea production system(1), inclusive
of associated project management, engineering and stalk fabrication.
Technip will leverage its integrated approach in the subsea business.
Its operating center in Houston, Texas, USA, will perform the overall
project management. The flowlines will be welded at Technip’s spoolbase
in Mobile, Alabama, USA. The offshore installation is scheduled to be
performed by the Deep Blue, the Group’s flagship vessel for deepwater
pipelay.
Technip offers engineering capabilities in executing ultra-deepwater
installation projects with continued cost effective solutions for its
clients.
(1)The production system is comprised of dual 8-inch
insulated flowlines associated with PLETs involving a manifold and
associated suction piles being installed as part of this system.
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Fast facts about subsea products
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- Flowline: a flexible or rigid pipe, laid on the seabed,
which allows the transportation of oil/gas production or injection
of fluids. Its length can vary from a few hundred meters to
several kilometers.
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- Pipeline end termination (PLET): a subsea structure which
connects rigid flowline and flexible riser.
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Technip is a world leader in project management, engineering and
construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most
complex Offshore and Onshore infrastructures, our 37,500 people are
constantly offering the best solutions and most innovative technologies
to meet the world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets
on all continents and operates a fleet of specialized vessels for
pipeline installation and subsea construction.
Technip shares are listed on the Euronext Paris exchange and traded in
the USA on the OTCQX marketplace (TKPPY) as American Depositary
Receipts.
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