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 December 15, 2015 - 1:00 AM EST
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Technip awarded a subsea contract for the Odd Job deepwater field in the Gulf of Mexico

Leveraging its expertise to meet ultra-deepwater challenges

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a lump sum contract by Deep Gulf Energy II, LLC for the development of the Odd Job field. This ultra deepwater field is located in Mississippi Canyon, offshore New Orleans, in the Gulf of Mexico, in water depths ranging from 1,330 to 1,825 meters.

The contract consists of:

  • Project management and engineering services,
  • Fabrication and installation of approximately 23 kilometers of pipe-in-pipe flowline,
  • Fabrication and installation of approximately 2 kilometers of Steel Catenary Riser (SCR),
  • Design, fabrication and installation of in-line sled, flowline end termination,
  • Fabrication of jumper,
  • Pre-commissioning for the flowline and SCR system.

This new award highlights our unique vertical integration in the subsea business environment, covering all aspects of this field development from engineering to design, manufacturing and installation.

Technip's operating center in Houston, Texas, USA, will manage the overall project. The SCR and flowline system will be fabricated at the Group’s spoolbase in Mobile, Alabama, USA. The offshore installation is expected to be performed in the summer of 2016 by Technip’s vessel the Deep Blue, one of the world's largest ultra-deepwater pipelay and subsea construction vessel.

Deanna Goodwin, President of Technip in North America commented: “Technip is delighted to continue its strong long-lasting relationship with Deep Gulf Energy and to bring and share its unique experience to this new project.”


Fast facts about subsea products


- Pipe-in-pipe flowline: steel pipes assembly consisting of a standard production pipe surrounded by a so-called carrier pipe. The gap between the carrier and production pipes is filled with an insulation material.

- Flowline: a 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.

- Jumper: a short section of pipe for the connection of two subsea structures.

- Riser: 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.

- Flowline end termination: a subsea structure which connects rigid flowline and flexible riser.


° °

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 36,000 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 (OTCQX: TKPPY) as American Depositary Receipts.

Public Relations
Laure Montcel, +33 (0) 1 49 01 87 81
Delphine Nayral, +33 (0) 1 47 78 34 83
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
Aurélia Baudey-Vignaud, +33 (0) 1 85 67 43 81
Michèle Schanté, +33 (0) 1 47 78 67 32

Source: Business Wire (December 15, 2015 - 1:00 AM EST)

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