Technip wins £500m subsea contract from BP
First oil targeted for Q4 2015.
The UK entity of the French oil services group Technip has won a contract worth approximately £500m from BP and partners to refurbish and develop its North Sea oil installations.
Frédéric Delormel, executive vice-president and COO (subsea) at Technip, said: “This award is proof that the North Sea is still an important source of opportunities for large, technological developments. The award follows several other contract successes in the UK for Technip and further reinforces our leadership in the region, as well as our relationship with a major client.”
Among the partners for the Quad 204 project, located approximately 130km west of Shetland, are BP Exploration Operating Company (36.3 per cent), Shell UK (36.3 per cent), Hess (12.9 per cent), Statoil (4.84 per cent), OMV (4.84 per cent) and Murphy Petroleum (4.84 per cent).
The contracted work includes the removal of the existing Schiehallion FPSO and mooring system, recovery of all existing flexible risers and dynamic umbilical systems, positioning and installation of a new FPSO and associated mooring system and anchor piles, supply and installation of 21 dynamic flexible risers, and coating, welding and installation of 15 steel pipelines (totalling 50km).
Trevor Garlick, regional president of BP North Sea, said: “We are investing in North Sea assets with growth potential. The redevelopment of the Schiehallion and Loyal fields is a key part of this. We look forward to working with Technip UK to deliver what is one of the UK’s largest ever subsea installation contracts.”
Technip’s office near Aberdeen will project manage the contract and the spoolbase in Evanton, Ross-shire, will fabricate the 15 steel pipelines. The company’s facility in Le Trait, France, will produce all flexible pipelines.
The Quad 204 project was approved in July 2011, with first oil targeted for the fourth quarter of 2015.
Tags: Energy News