Technip-Subsea 7 JV Awarded Subsea Installation Contract for the Stybarrow Project in Australia.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) and Subsea 7 announced today that their Australian entities, Technip Oceania Pty Ltd and Subsea 7 Australia Pty Ltd, have been awarded a subsea EPIC installation contract by BHP Billiton Petroleum Pty Ltd for the Stybarrow development project. Located in approximately 800 m of water off the North West shelf of Australia, Stybarrow will be the deepest subsea production system in Australia to date. The joint venture contract, valued at over US$ 160 million, includes the design, manufacture, transport, installation and pre-commissioning of approximately 48 kms of flexible risers, flowlines and jumpers, to be fabricated at Technip's flexible manufacturing facilities in Le Trait, France. The contract also includes the transport, installation and pre-commissioning of approximately 16 kms of dynamic and static umbilicals and associated electrical and hydraulic flying leads as well as the installation of the FPSO FPSO Floating Production Storage and Off-loading (shipping & oil industry) FPSO Foster Parent Society of Ontario FPSO Fleet Publication Supply Office * spider buoy and mooring system complete with anchors, all to be provided by BHP Billiton Petroleum Pty Ltd. The Joint Venture will perform the works from their offices in Perth, Western Australia This article is about the metropolitan area of Perth, Western Australia. For the local government area, see City of Perth. Perth is the capital of the Australian state of Western Australia. . The offshore programme is scheduled to start in early 2007 using Technip's construction vessel, the Deep Pioneer. * FPSO (Floating, Production, Storage and Offloading): a converted or custom-built ship-shaped floater Floater A bond or other type of debt whose coupon rate changes with market conditions (short-term interest rates). Also known as "floating-rate debt". Notes: For example, a floater bond may have the coupon rate set at "T-bill rate plus 0.5%". , employed to process oil and gas and for temporary storage of the oil prior to transhipment. About the companies: Technip With a workforce of more than 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. Subsea 7 With a workforce in excess of 4,000 people worldwide, Subsea 7 is one of the world's leading subsea engineering contractors. The company's global offshore operations are supported out of Asia Pacific, Brazil, Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east , Norway, UK and West Africa. Subsea 7 has more than 100 remotely operated vehicles (ROVs), five pipeline construction yards and a fleet of modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving. Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext. Subsea 7's shares trade on the Oslo Stock Exchange Oslo Stock Exchange An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway. (www.ose.no): Ticker Code SUB.
Technip's website is accessible at http://www.technip.com
Subsea 7's website is accessible at http://www.subsea7.com
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