Technip secured a contract for the K2 field expansion project, operated by Anadarko Petroleum Corporation in the Gulf of Mexico. Two additional wells will be tied back to the existing subsea equipment and to the Marco Polo platform with production flowlines(1). These wells are located in Green Canyon Blocks 562 and 606, at a water depth of approximately 1,200 meters (4,000 feet).
Technip's operating center in Houston, Texas will execute this contract. The flowlines will be welded at the Group's spoolbase located in Mobile, Alabama. Offshore installation is scheduled for the third quarter of 2009, using the Deep Blue, Technip's deepwater pipelay vessel.
Discovered in 1999, the K2 field is operated by Anadarko with a 42% working interest. Eni ENI holds 12.5; ConocoPhillips holds 12.5%; Ecopetrol holds 9%; Nippon Oil holds 12%; and MCX holds the remaining 12%. The K2 field commenced production in 2005.
Marco Polo TLP
Located on Green Canyon Block 608 in 1,311 meters (4,300 feet) of water, the Marco Polo TLP is the world's deepest dry tree TLP and serves as a production hub for the K2, K2 North, Marco Polo and Genghis Khan field in the Gulf of Mexico.
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