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Technip, in a consortium with Offshore Oil Engineering Co. Ltd. (COOEC), was awarded an engineering, procurement, installation, and construction services contract by China National Offshore Oil Corp. (CNOOC) Deepwater Development Ltd.
This contract, worth approximately €200 million (US $259 million), is for the South China Sea deepwater gas development project in the Panyu field, located about 150 km (93 miles) south of Hong Kong, according to a news release.
The development consists of a new subsea production system with six wells and its associated control system tied up to a new central processing platform. The contract covers the supply and installation of a 10-in and a 6-in diameter, clad-lined pipelines, of steel tube umbilicals, and associated equipments, the release stated.
As leader of the consortium, Technip’s operating center in Kuala Lumpur, Malaysia, will execute the contract with the support of COOEC. Duco Inc., the group’s umbilical manufacturer in Houston, will fabricate the umbilicals. Technip's subsidiary company in Kuala Lumpur, Genesis, will provide the engineering support and detailed design.
Offshore installation is scheduled to be completed in two phases during 3Q 2013 and 2Q 2014, using the Deep Orient, one of Technip’s deepwater construction vessels, and the HYSY 201, COOEC’s pipelay vessel, according to the release.