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Press Release

Technip awarded major subsea contract in Canada

April 09, 2008

Paris, April 9, 2008

 

Technip has been awarded by Husky Oil Operations Limited, a subsidiary of Husky Energy, a major engineering, procurement, installation and commissioning (EPIC) contract for the development of the White Rose oil field’s North Amethyst Satellite. The contract is worth approximately €190 million.

It includes engineering, fabrication and installation of 23.7 kilometers of flexible flowlines(1) and 5.4 kilometers of umbilicals(2), the installation of manifolds and associated pipework.

Technip’s operating center in St. John’s, Canada, will execute this contract. The flowlines will be manufactured at one of the Group’s flexible pipe plants, in Le Trait, France. The umbilicals will be manufactured at one of the Group’s umbilical plants, in Newcastle, United Kingdom. Offshore installation is scheduled for 2009, using Technip’s vessels Deep Pioneer and Wellservicer.

This contract marks a new step in the relationship between Technip and Husky Energy, for whom Technip successfully completed the subsea production system contract for the White Rose field development in 2005.

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