Stolt Offshore Awarded Contract Extension for Moho-Bilondo Project

Stolt Offshore has been awarded an extension to the recently awarded Total E&P Congo Moho-Bilondo deepwater field development offshore Congo.

The extension, valued at approximately $55 million, is for the engineering, procurement, installation and commissioning of a 16" diameter export pipeline from the FPU (Floating Production Unit) of the Moho-Bilondo field to the Djeno Terminal. The installation work will be performed by the Seaway Polaris in 2007.

Bruno Chabas, Chief Operating Officer, said, "We are delighted to be awarded this contract extension and we are happy to be able to support Total in their ambitious plans to develop new fields in the Congo."

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