Technip's Unit Gets Umbilical Supply Contract In Norway From Statoil

(RTTNews) - Oil services firm Technip SA (TNHPF.PK, TKPPY.PK) Wednesday said its unit Technip Umbilicals Ltd. has been awarded a contract by Statoil ASA (STO) to supply the umbilical to the Oseberg Vestflanken 2 field offshore Norway.

The contract covers project management, engineering and manufacture of over 9 kilometers of static steel tube umbilical. The umbilical includes a large bore integrated service line and multiple power cables.

Technip Umbilicals' facility in Newcastle, UK, will manufacture the project, which is scheduled to be completed during the first half of 2017.

The Oseberg Vestflanken 2 field is located approximately 8 kilometers North West of the Oseberg field center at block 30/9-30/6 on the Norwegian continental shelf, at water depths of 100 meters.