BP Awards Technip 10-year Spar Deal

BP awarded Technip a 10-year master agreement to design, procure and construct hulls and mooring systems for several Spar platforms to be located in the Gulf of Mexico.

The scope of work also includes the design of top tension risers for dry tree units. Within the framework of this agreement, pre-front-end engineering design activity for the Mad Dog Phase II Spar has already started.

The front-end engineering design for this project is scheduled to commence in the second half of 2011. Mad Dog Phase II is an expansion of the Mad Dog field based on a successful appraisal well drilled in the southern area of the field in 2009. Mad Dog is located on Gulf of Mexico's Green Canyon Block 826 in approximately 5,100 feet (1,554 meters) of water. BP holds a 60.5% working interest in the field; Chevron holds a 15.6% interest; and BHP holds the remaining 23.9% interest. 

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