Total awards Nigeria FPSO contract to Technip

Total Upstream Nigeria Ltd. has awarded a $1.08-billion lump sum turnkey contract to Technip as leader in consortium with Hyundai Heavy Industries for the engineering, procurement, supply, construction, and offshore commissioning of an FPSO for the Akpo field development offshore Nigeria.

Total Upstream Nigeria Ltd. has awarded a $1.08-billion lump sum turnkey contract to Technip as leader in consortium with Hyundai Heavy Industries for the engineering, procurement, supply, construction, and offshore commissioning of an FPSO for the Akpo field development offshore Nigeria.

The Akpo field, operated by Total, is on Oil Mining License 130 offshore Nigeria in water depths from 1,100 – 1,700 m.

Technip's engineering center in Paris will be in charge of the overall project management and will perform the engineering phase. Hyundai Heavy Industries will perform the FPSO's hull and topsides construction and integration. Engineering and fabrication of various components and structures of the FPSO topsides will be done in Nigeria.

The Akpo FPSO hull will have a storage capacity of 2 MMbb and a large deck space to accommodate more than 17 topsides modules. The FPSO will be anchored in 1,325 m of water and will produce 225,000 boe/d. It will include two processing trains to separate gas and water. The floater will be 310-m long and 61-m wide and will include a 240 bed-accommodation unit.

This fast-track project is due for completion in 40 months from contract award. The FPSO will be ready for start-up in 3Q 2008. First oil from the Akpo field is scheduled for 4Q 2008.

5/09/05

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