Technip nets $400m contract for offshore Saudi-Kuwait project

Oil and gas services firm to start works at Khafji field; project to complete within 36 months
Technip nets $400m contract for offshore Saudi-Kuwait project
The $400m contract will see Technip install two power distribution platforms
By Claire Ferris-Lay
Thu 07 Oct 2010 12:30 PM

The
French engineering firm Technip has been awarded a $400m contract
for the Saudi Arabia and Kuwait-owned Khafji Crude-Related Offshore Projects,
it said on Thursday.

The field is managed by Khafji Joint
Operations, a venture between Aramco Gulf Operations (AGOC) and Kuwait Gulf Oil
Company, and located in the neutral zone between the kingdom and
Kuwait

Under
the terms of the contract Technip will install two integrated wellhead jackets,
two power distribution platforms, a main composite submarine cable and a number
of infield cables, the firm said.

The
project began in the third quarter of 2010 and is scheduled for completion
within 36 months.

Technip,
a project management, engineering and construction firm for the oil & gas
industry, is listed on Euronext Paris exchange and over the counter (OTC) in
the USA.

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