Technip, Subsea 7 dissolve joint venture

Technip and Subsea 7 have agreed to dissolve their joint venture, Technip Subsea 7 Asia Pacific (TS7), once all its existing projects and tendered work have been completed.

Offshore staff

PARIS -- Technip and Subsea 7 have agreed to dissolve their joint venture, Technip Subsea 7 Asia Pacific (TS7), once all its existing projects and tendered work have been completed.

Technip and Subsea 7 worked together on projects in the Asia Pacific region for several years. In 2006, TS7 was formed to provide subsea construction services in the region (excluding India and the Middle East).

TS7 has executed a number of offshore development projects in the region such as Stybarrow for BHP, Donghae for KNOC, Kikeh for Murphy, and Vincent for Woodside.

02/02/2009

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