Bouygues Offshore Press Release -- Update On The Girassol FPSO Project.MONTIGNY-LE-BRETONNEUX, France--(BUSINESS WIRE)--Dec. 7, 1998-- BOUYGUES OFFSHORE S.A., (NYSE NYSE See: New York Stock Exchange : BWG BWG Bankwesengesetz (Federal Law on Banking, Austria) BWG Beam Waveguide (antenna) BWG Bundesamt für Wasser und Geologie (Federal Office for Water and Geology, Switzerland) ) and ETPM ETPM Entrepose GTM Pour les Travaux Petroliers et Maritimes (French oil and gas industry installation contractor, now Stolt Offshore) announced today that they have started discussions with Elf Exploration Angola, in agreement with the contract terms, to finalize the Girassol FPSO FPSO Floating Production Storage and Off-loading (shipping & oil industry) FPSO Foster Parent Society of Ontario FPSO Fleet Publication Supply Office project parameters and to definitively fix the variable component of the project price. These discussions follow completion of the basic design phase. The two companies commented that the potential adjustments contemplated in comparison to the initial schedule and budget are within the normal range experienced for such types of contracts. Bouygues Offshore S.A. is a leading international contractor serving the oil and gas industry, specializing in providing integrated solutions for the design, construction, installation and management of offshore and onshore oil and gas production-related turnkey projects. The Company also provides maintenance services to the oil industry, engages in high-end maritime and river-related civil works projects and designs and constructs liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. (LNG) import terminals as well as storage tanks. |
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