Technip awarded Oselvar field development deal

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    Technip

    DONG E&P Norge AS has awarded Technip an engineering, procurement, construction and installation lump sum contract, worth in excess of €45 million, for the Oselvar field development.

    The field is located on the Norwegian Continental Shelf, 250km offshore Norway, at a water depth of 72m.

    The contract covers turnkey delivery of a 27km long pipe-in-pipe flowline, installation of an umbilical and subsea equipment and tie-ins.

    Oselvar is the first major subsea contract awarded to Technip by DONG. It will be executed by the Group’s operating centre in Oslo, Norway. Offshore installation is scheduled to be carried out in 2010 and 2011.

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