Technip (Paris:TEC) (NYSE:TKP) (ISIN:FR0000131708) and Subsea 7 have been awarded by Statoil a contract worth approximately €37 million for the development of the Alve field located offshore Norway.
The contract covers project management, engineering, procurement, installation, installation support and pre-commissioning of a rigid production flowline. This 16km-long carbon steel flowline with internal corrosion resistant alloy cladding will have a direct electrical heating cable with a mechanical protection system. It will be installed between the existing Norne FPSO and the Alve L template.
Technip's operations and engineering center in Oslo (Norway) will execute the contract. The flowline will be welded at Technip's spoolbase located in Orkanger (Norway). The Apache, one of Technip's pipelay vessels, will install the flowline during the summer 2008.
This project falls within the scope of the two-year frame contract for reeled pipe installation services in Norway awarded to the Technip-Subsea 7 joint venture in July 2006. Available resources from both companies are used on a project by project basis to deliver against the overall scope of work.