BP Awards 730 MUSD Contract to Stolt Offshore and Technip for Subsea Development Offshore Angola.Energy Editors/Business Editors PARIS--(BUSINESS WIRE)--Feb. 18, 2004 A consortium of Stolt Offshore (Nasdaq:SOSA)(OSE OSE - Open Systems Environment :STO) and Technip (NYSE NYSE See: New York Stock Exchange :TKP TKP Türkiye Komünist Partisi (Communist Party of Turkey; formerly Sosyalist Iktidar Partisi, Party of Socialist Power) TKP Tulajdonképpen (Hungarian) TKP Tausender-Kontaktpreis TKP Tamarind Kernel Powder )(Euronext:FR0000131708) today announced the award of a $730 million (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 580 million) contract from BP for the development of the Greater Plutonio field, located offshore Angola in Bloc 18, between 1,200 m and 1,500 m water depth. As leader of the consortium, Stolt Offshore's share of this contract represents $550 million (EUR 437 million) and Technip's share represents $180 million (EUR 143 million). The award of this contract demonstrates the confidence of the Bloc 18 partners and Sonangol in both Stolt Offshore and Technip and thus emphasising the Operators' interest in applying technologies that are dedicated to deep offshore oil and gas fields which are developed with local industrial assets in Angola. About Stolt Offshore: Stolt Offshore is a leading offshore contractor to the oil and gas industry, specialising in technologically sophisticated deepwater engineering, flowline and pipeline lay, construction, inspection and maintenance services. The Company operates in Europe, the Middle East, West Africa West Africa A region of western Africa between the Sahara Desert and the Gulf of Guinea. It was largely controlled by colonial powers until the 20th century. West African adj. & n. , Asia Pacific, and the Americas. About Technip: With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Paris. The Group's main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world-class fleet of offshore construction vessels. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion