Technip has been awarded a lump sum contract by ENI US Operating for the Appaloosa development project in the Gulf of Mexico. This project consists of the tie-back of the Appaloosa well located in Mississippi Canyon, 145 nautical miles (268 kilometers) offshore Mobile, Alabama at a water depth of approximately 2,825 feet (860 meters), to the Corral platform.
The contract covers:
Technip's operating center in Houston, Texas will execute this contract. The flowline and riser will be welded at the Group's spoolbase located in Mobile. Offshore installation is scheduled to be completed in the fourth quarter of 2009 using the Deep Blue, Technip's deepwater pipelay vessel. Extensive saturation diving work will be executed using the Skandi Achiever, one of the Group's diving support vessels, and umbilical installation using the Deep Pioneer, one of Technip's deepwater construction vessel. Technip's scope of work is expected to be completed by April 15, 2010.
In December 2008, Appaloosa was approved for field development, for a total investment of $228 million. First oil from Appaloosa should commence in January 2010, with an expected production peak of 7,500 bopd.
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