Technip Awarded Contracts for the Jubilee Project in Ghana
Technip was awarded by Tullow Ghana Limited two contracts, worth approximately 100 million, for the Phase 1A of the Jubilee project. The Jubilee field is located offshore Ghana at a water depth of 1,300 meters.
These contracts cover full project management, engineering, fabrication and installation of a new flexible riser, two rigid flowlines and 11 spools/jumpers, as well as the installation of two manifolds and 5 kilometers of umbilicals.
Technip's operating center in Paris, France, will execute the project with the support of the Group offices in Houston, Texas, and Accra, Ghana. The flexibles will be fabricated at the Group's facility in Le Trait, France. This award thus demonstrates Technip's ability to put in place a worldwide organization to the benefit of a project.
Offshore installation is scheduled to be completed with the Global 1200 and the Deep Pioneer, two vessels from Technip's fleet, in the second half of 2012.
These contracts constitute a significant milestone for Technip's presence in Ghana. After the successful execution of the first phase of Jubilee completed in 2011, Technip is proud to have been selected by Tullow and its partners for this second phase.
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 26,500 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 NYSE Euronext Paris exchange and the USA over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPK).
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