Bouygues Offshore through its subsidiaries SCO and Starstroi, has been awarded contracts by Caspian Pipeline Consortium for the CPC project maintenance in Russia and Kazakhstan.
These contracts, for a total amount of US $60 million (Bouygues Offshore share's: US $40 million) include the maintenance and the emergency response services for a 5 years period of:
- The CPC terminal located on the Black Sea side, near Novorossiysk, Russia. This terminal, with a storage capacity of 400,000m3 of oil, includes oil storage tanks, 56" pipeline between the tank farm and the shore facilities, shore facilities dedicated to the terminal (control, metering...) and a small boat shelter. In March 1999, Bouygues Offshore was awarded the contract for the construction of this terminal.
- 1,500 km of pipeline connecting the Tenguiz field (Kazakhstan) on the Caspian Sea side to the CPC terminal. In April 1999, Bouygues Offshore was awarded the contract for the construction of the 750 km long pipeline in Russia.
,/ul> Commenting on this project, Herve Le Bouc, Chairman of Bouygues Offshore stated: "This new success follows on from turnkey contracts won in 1999 to build the CPC terminal and 750 km pipeline. It reflects Bouygues Offshore's strategy of offering customers solutions across the value chain, from engineering to maintenance. These new contracts, in the promising areas of Caspian Sea and Russia, are helping to drive the world wide expansion of Bouygues Offshore's Maintenance business."