Technip was awarded two contracts by the international energy company Statoil, worth a total of around €55 million, for the Vilje South field and Visund North developments located in the North Sea at water depths of 120 and 385 meters respectively.
These contracts cover:
• welding and installation of a 10 kilometer production flowline(1),
• subsea equipment installation and tie-ins,
• umbilical(2) installation and tie-ins.
Technip’s operating center in Oslo, Norway will execute the contracts. Flowline welding will take place in the Group’s spoolbase in Orkanger, Norway, while installation will be performed with the Apache II, a pipelay vessel from Technip’s fleet, in mid-2013.
(1) 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.
(2) Umbilical: an assembly of steel tubes and/or thermoplastic hoses which can also include electrical cables or optic fibres used to control subsea structures from a platform or a vessel.
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
The US and China will temporarily lower tariffs on each other’s products in a dramatic ratcheting down of trade tensions that buys the world’s two largest economies three months to work toward a broader agreement.
Finland’s premier icebreaker designer, Aker Arctic, has been awarded a contract to develop a new state-of-the-art mid-size icebreaker. The effort is part of a major fleet renewal program to ready Finland's icebreaking fleet for the changing requirements in the Baltic Sea. The country is also part of the ICE Pact with Finnish yards looking to construct icebreakers for Canada and the U.S.
The United States and China have agreed a deal to temporarily slash reciprocal tariffs as the world's two biggest economies seek to end a damaging trade war that has stoked fears of recession and set financial markets on edge.
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
