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Technip Awarded Two Contracts for Jubilee Project

Source: www.gulfoilandgas.com 2/6/2012, Location: Africa

Technip was awarded by Tullow Ghana Limited two contracts, worth approximately Ä100 million, for the Phase 1A of the Jubilee project. The Jubilee field is located offshore Ghana at a water depth of 1,300 meters. These contracts cover full project management, engineering, fabrication and installation of a new flexible riser, two rigid flowlines and 11 spools/jumpers, as well as the installation of two manifolds and 5 kilometers of umbilicals.

Technipís operating center in Paris, France, will execute the project with the support of the Group offices in Houston, Texas, and Accra, Ghana. The flexibles will be fabricated at the Group's facility in Le Trait, France. This award thus demonstrates Technipís ability to put in place a worldwide organization to the benefit of a project. Offshore installation is scheduled to be completed with the Global 1200 and the Deep Pioneer, two vessels from Technipís fleet, in the second half of 2012.

These contracts constitute a significant milestone for Technip's presence in Ghana. After the successful execution of the first phase of Jubilee completed in 2011, Technip is proud to have been selected by Tullow and its partners for this second phase.

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