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,...
The contract covers installation of 15 dynamic risers, 2 dynamic and 2 static umbilicals, 11 flexible flowlines as well as subsea equipment for the Gryphon Area Reinstatement Programme – GARP(1), located about 320 kilometers North-East of Aberdeen.
Technip’s operating center in Aberdeen, Scotland will be executing the contract, which is scheduled to be completed in the second quareer of 2012.
Technip says the vessels Skandi Arctic and Wellservicer will be used for the campaign.
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