STX Inks Deal to Build New Pipelay Vessel

Technip has awarded STX Heavy Industries (Korea) a contract for the construction of its new pipelay vessel. She will also be equipped with a 150-ton crane, a PLET (pipeline end terminations) handling system and accommodation for 140 people. With a transit speed of 20 knots, she has been specifically designed to minimize intercontinental transits and allow her efficient deployment in all deep-water regions of the world.

The contract covers detailed design, construction, outfitting and commissioning of all marine aspects, including the installation of all underdeck pipelay equipment. The remainder of the pipelay system will be installed and commissioned at a later date at the pipelay supplierís facilities.

The new vessel is scheduled for delivery in 2010.

"This major investment in a state-of-the-art vessel is part of our fleet development strategy. It will strengthen the groupís presence on the high-growth Subsea market and respond to a demand which is evolving towards developments requiring high technological added-value at increasing water depths", stated Thierry Pilenko, Technipís Chairman and CEO.

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