PDVSA signs Technip for Mariscal

Petroleos de Venezuela S.A. (PDVSA) has contracted Technip for engineering, procurement, and construction management at Mariscal Sucre Dragon/Patao offshore the northeast coast of Venezuela.

Offshore staff

PARIS -- Petroleos de Venezuela S.A. (PDVSA) has contracted Technip for engineering, procurement, and construction management at Mariscal Sucre Dragon/Patao offshore the northeast coast of Venezuela.

The Mariscal Sucre Dragon and Patao fields are 25 mi (40 km) north of Paria peninsula, state of Sucre, at a water depth of 328-427 ft (100 to 130 m). They are the first offshore gas development in Venezuela.

The contract covers:

· Project and construction management for the Dragon platform and subsea system fabrication, transportation, and installation

· Detail engineering for the platform and subsea tieback to the Dragon field. The platform will be installed in approximately 427 ft (130 m) of water

· Procurement of long-lead equipment and procurement services for the platform.

11/19/2010

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