Technip: Memorandum of Agreement for Sale of Diving Vessel Marianos.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Technip announces the signing of a Memorandum of Agreement A memorandum of agreement (MOA) or cooperative agreement is a document written between parties to cooperatively work together on an agreed upon project or meet an agreed upon objective. The purpose of an MOA is to have a written understanding of the agreement between parties. between its subsidiary, Technip Offshore UK Limited, and Mermaid Offshore Services Limited, for the sale of the diving support vessel A diving support vessel is a ship that is used as a floating base for professional diving projects. Commercial Diving Support Vessels emerged during the 1960s and 1970s when the need arose for diving operations to be performed below and around oil production platforms and Marianos. Vessel handover by Technip to Mermaid is scheduled for August 2005, which will allow Technip Offshore UK to complete its ongoing commitments to the North Sea and Canada area. Once sold, the Marianos will operate in South-East Asia, particularly in the Gulf of Thailand Noun 1. Gulf of Thailand - an arm of the South China Sea between Indochina and the Malay Peninsula Gulf of Siam South China Sea - a tropical arm of the Pacific Ocean near southeastern Asia subject to frequent typhoons . The disposal of the vessel Marianos is in line with Technip's strategy to adapt its assets to its business needs. 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, Finland and Angola as well as a world-class fleet of offshore construction vessels. About Mermaid Offshore Services Ltd.: Mermaid Offshore Services Limited (MOS (1) (Metal Oxide Semiconductor) See MOSFET. (2) (Mean Opinion Score) The quality of a digitized voice line. It is a subjective measurement that is derived entirely by people listening to the calls and scoring the results from ) is a subsidiary of the Mermaid Maritime group of companies with its head office in Bangkok, Thailand. MOS is recognized as one of the leading sub-sea engineering companies in South East Asia. |
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