Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Technip was awarded by Statoil a contract, worth approximately â‚¬90 million, for the Gygrid field development located in the Norwegian Sea at a water depth of 265 – 330 meters.
This contract covers engineering, procurement, welding and installation of flowlines, including a 19.5 kilometer pipe-in-pipe production flowline, a plastic-lined water injection flowline and a gas lift flowline of the same length, subsea equipment installation, and installation and tie-ins of new risers and umbilicals.
Technip’s operating center in Oslo, Norway will execute the contract. Flowline welding will take place in the Group’s spoolbase in Orkanger, Norway, while installation will be performed by the Apache II, a pipelay vessel from Technip fleet, in mid-2012.
The contract is subject to approval of the plan for development and operation of Gygrid by the Norwegian authorities.
Join the 63,050 members that receive our newsletter.
Have a news tip? Let us know.