Technip Awarded Two Contracts by Norsk Hydro for the Fram East and Vilje Projects in Norway.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 (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 ) has been awarded by Norsk Hydro two engineering, procurement, installation and commissioning (EPIC) contracts worth around 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. 147 million (NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. 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. 1.2 billion) combined, for tie-ins from Fram East field to Troll C and from Vilje to Alvheim, on the Norwegian Continental Shelf The Norwegian continental shelf is the continental shelf over which Norway exercises sovereign rights as defined by the United Nations Convention on the Law of the Sea. Its major parts are the shelves of the North Sea, Norwegian Sea and Barents Sea, with the sector line in the . The contracts include engineering, fabrication, installation and pre-commissioning of sub sea umbilicals, risers and flowlines, tie-ins, manifold installation and sub sea equipment protection work. The project management and engineering will be carried out by Technip Offshore Norge's office in Oslo. The flowlines will be fabricated at the Group's welding bases in Orkanger, Norway and Evanton, UK for Fram East and Vilje, respectively. Flexible pipes will be manufactured at Technip's Le Trait facility in France while the umbilicals will be manufactured by one of Technip's UK subsidiaries, Duco, based in Newcastle. All offshore work will take place in summer 2006 using several vessels from Technip's fleet, including Apache, Wellservicer and Normand Pioneer. 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 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. |
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