Technip Secures Supply Contract for Papa Terra Field

Technip was awarded a contract for the supply of Integrated Production Bundles (IPB) for the Papa Terra field. The contract includes the engineering, procurement, manufacturing and supply of 17 miles (27 kilometers) of IPB risers and flowlines, and an electrical and monitoring module to be installed on the P-63 FPSO.

The company's technological solution will be used in the heavy oil field to increase the temperature of the produced fluid after long shutdowns in order to reduce its viscosity, thus enabling well production restart, stated the press release. Delivery of the modules and the IPBs are scheduled for the first and last quarter 2012, respectively.

Papa Terra is located on the BC-20 block in the Campos Basin in a water depth of 3,937 feet (1,200 meters). Petrobras serves as the operator of the giant oil field and holds a 62.5% interest; Chevron holds the remaining 37.5% interest.

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