Technip wins Tahiti spar award

ChevronTexaco has awarded Technip Offshore Inc. a front-end engineering design (FEED) services contract for development of the Tahiti project facilities in the deepwater Gulf of Mexico.

ChevronTexaco has awarded Technip Offshore Inc. a front-end engineering design (FEED) services contract for development of the Tahiti project facilities in the deepwater Gulf of Mexico.

The Tahiti field will be developed from two subsea drill centers near the two Tahiti appraisal wells in Green Canyon 596 and 640, completed in early 2003. One of the wells encountered more than 1,000 ft of net pay, one of the most significant net pay accumulations in the history of the deepwater GoM.

The scope of work includes front-end engineering and design for a truss spar floating production facility.

Chevron has selected Technip's spar platform solution as the basis for the FEED work, which includes developing associated mooring systems, risers, and subsea systems.

Construction contracts will likely be awarded in 2Q 2005.

Concurrently with the FEED award, Chevron signed a memorandum of understanding with TOI for the hull and mooring engineering, procurement, and construction contract.

Chevron operates the Tahiti Project with 58% interest. Partners are EnCana Gulf of Mexico LLC with 25% interest and Shell Exploration & Production Co. with 17% interest.

04/22/04

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