Apollo Agrees to Invest $6.5 Billion in Orsted Wind Farm
Funds managed by Apollo Global Management Inc. agreed to invest $6.5 billion in Orsted A/S’s Hornsea 3, the UK offshore wind project that’s among the world’s largest.
Technip was awarded by Marathon Oil Norge AS an engineering, procurement, installation and commissioning contract, worth above €300 million, for the Bøyla field development in the North Sea, located about 225 kilometers West of Stavanger, Norway, at a water depth of 120 meters. The contract includes all activities necessary to complete the construction of the subsea system for the Bøyla field development and connect it to the existing Alvheim subsea facilities, located 28 kilometers away.
The contract covers:
•Fabrication and reeled installation of a pipe-in-pipe production flowline, a plastic lined water injection flowline and a gas lift flowline,
•Fabrication and installation of rigid spools
•manufacturing and installation of flexible jumpers, and umbilicals,
•Tie-in by divers, trenching, rockdumping, and ready for operation activities.
Technip’s operating center in Oslo, Norway, will execute the contract. Offshore construction will take place in 2014 with several vessels from Technip’s fleet, including the Deep Energy and the Skandi Arctic.
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up