Energy sector service provider Technip has been awarded a major two-year contract to assist Chevron North Sea in the development of the Alder field.
The value of the agreement was not disclosed but was said to be “significant”, an indication the contract is worth between 100 million and 250m euros to Technip.
The works will see Technip provide a range of engineering, procurement, installation and construction (Epic)contracts at Alder 200km north-east of Aberdeen as Chevron develops a subsea tieback to the Britannia Bridge Link platform.
Technip’s operating centre at Aberdeen will coordinate the contract, which includes the design and laying of a 28km pipe-in-pipe system and various associated subsea works, with works being carried out at its Evanton spoolbase and at Duco Ltd, a wholly-owned subsidiary based in Newcastle.
A number of Technip vessels will be used to fulfil the offshore element of the contract. These include the firm’s latest addition to its fleet, the state-of-the-art pipe-laying vessel Deep Energy.
Bill Morrice, managing director of Technip in the United Kingdom, said it was an important contract for the firm and he hoped further opportunities would arise in the North Sea and other UK waters.
He said: “We are delighted to be reigniting our relationship with Chevron with this substantial contract that will allow us to support them in bringing the Alder field onstream.
“Technip has a proven track record in delivering Epic contracts of this scale, and our unique vertical integration is an added-value advantage for our clients as our capabilities cover the entire value chain for subsea infrastructures.
“The UK Continental Shelf is still an exciting place to be with many major fields being developed both around traditional developments and in deeper waters west of Shetland, a market Technip is keen to maximise opportunities.”
Technip is a major global player in the project management, engineering and construction fields for the energy sector and employs more than 38,000 staff worldwide.
The company last week reported its results for the second quarter in which it saw an 18.1% increase in revenues to 2.42 billion euros.
The firm said it had a record 15.2bn euro order book of work, including a number of North Sea contracts, and said it was maintaining its full-year financial target of revenue growth of between 11% and 16% meaning turnover for the year is expected fall between 9.1bn and 9.5bn euros.