The award is for an engineering, procurement, installation and construction services contract for the South China Sea deepwater gas development project in the Panyu field, which is located about 150km south of Hong Kong.
Technip’s share in the contract is around €110m.
The South China Sea deepwater gas development project in the Panyu field consists of a new subsea production system with six wells and its associated control system, tied to a new central processing platform.
Under the terms of the contract the consortium will supply and install a 10" and a 6" diameter clad-lined pipelines of steel tube umbilicals and associated equipment.
The contract will be executed by Technip’s operating centre in Kuala Lumpur, Malaysia, with the support of Offshore Oil Engineering. Umbilicals will be fabricated by the group’s umbilical manufacturer Duco, located in Houston, Texas, in the United States.
Engineering support and detailed design will be provided by Technip’s subsidiary company in Kuala Lumpur.
The Deep Orient, one of Technip’s deepwater construction vessels, and the HYSY 201, COOEC’s pipe lay vessel will be used to implement the offshore installation, which is scheduled to be completed in two phases. The first phase is due to be completed during the third quarter of 2013 and the second quarter of 2014.
Technip Subsea Division, Asia Pacific’s chief operating officer Hallvard Hasselknippe, said: "This award represents a major step forward to reinforce Technip’s strong presence in the emerging Chinese subsea market. We are delighted to have COOEC as our consortium partner to deliver this prestigious project to our key client, CNOOC."
Image: Technip’s deepwater construction vessel, The Deep Orient. Photo courtesy of Technip.