Cecon to Install Deepflex Pipelines in West Africa

As part of its cooperation agreement with Deepflex Inc. Houston, Cecon has been contracted for installation of Deepflex flexible pipelines for a Deepflex project in West Africa. The project involves approx 3 km of Deeflex products of up to 8" dimensions.

Cecon will commence engineering immediately, with installation planned for 4th quarter 2007.

Cecon's scope is not finalized, but the contract value is currently estimated at approx USD 7 million (NOK 42 million).

DeepFlex Inc is a manufacturer of a new generation of lightweight, flexible, non-metallic, un-bonded pipes for use in subsea and other applications, situated in Houston and Galveston, Texas. The company is part owned by Chevron Technology Ventures.

Furthermore Cecon has commenced the engineering and planning of an expected contract for a new 33 km 4-inch steel pipeline for Angola Drilling Company. Installation is planned to take place in 1st half 2008. Contract value currently estimated at USD 15 million (NOK 90 million)

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