Technip Strengthens Its Fleet Through Several Agreements with DOF.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 (PARIS:TEC) (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 ) (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. :FR0000131708) announces that it has reached several new milestones in relation to its strategy to renew and develop the Group's subsea construction fleet. Technip has signed agreements with Norwegian ship owner, DOF See depth of field and 6DOF. DOF - degrees of freedom , which provide commitments with respect to 2 of its new build vessels. First, Technip is teaming up with DOFCON, a subsidiary of DOF, for the joint ownership and management of its new build DP III DSV. This vessel will be mostly dedicated to the support of the Statoil frame agreement signed with Technip for diving, pipeline repair, contingency and modification services. Based on the Aker OSCV-06L design, 153 m long, she will be equipped with a 300T crane and a 24 man dive system built to Norwegian standards. Her delivery is due in end 2008 and will be the most modern 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 in the world. Second, Technip has signed an 8 year charter agreement for a new build DPII DPII Discovery Partners International, Inc. diving support vessel (DSV). Based on an Aker ROV06 design, the 105 m long vessel, owned by DOF, will be fitted with an 18 diver saturation system which will be supplied by Technip. The vessel, which will operate mainly in the UK Continental Shelf, will be equipped with a 150T crane and all equipment necessary to execute both subsea construction and installation, repair and maintenance (IRM) projects in the most challenging North Sea or deep water environments. She is due for delivery in Q3 2007. In addition, Technip confirms that the Group entered a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU) for the joint marketing of the subsea construction vessel built by DOF in Brazil. Thus, Technip pursue the adaptation and the development of its naval assets to respond to client expectations and the expected high level growth of the market, as well as setting new references for safe and efficient operations in the subsea construction industry. With a workforce of 21,000 people, 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 operations and engineering centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction. |
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