Agip awards OYO development to Technip

Nigerian Agip Exploration Ltd. has awarded a € 75 million ($118.7 million) turnkey contract to Technip for development of OYO oil field in block OML 120/121 in 410 m (1,345 ft) water depth.

Jul 17th, 2008

Offshore staff

PARIS --Nigerian Agip Exploration Ltd. has awarded a € 75 million ($118.7 million) turnkey contract to Technip for development of OYO oil field in block OML 120/121 in 410 m (1,345 ft) water depth.

The contract includes engineering, fabrication, and installation of 20 km (12.5 mi) of flexible production, water injection, and gas injection flowlines and risers and 15 km (9 mi) of umbilicals supplied by Agip.

The contract is to be executed by Technip's Paris operations center with the flexible flowlines and risers fabricated at Le Trait, France. Installation is scheduled for summer of 2009 using Technip's pipelay vesselConstructor.

07/17/2008

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