Stolt Offshore Wins $150 Million Contract in Nigeria

Stolt Offshore S.A. has signed an interim agreement for the second phase of the Amenam project in Nigeria.

The contract, once finalized, is valued at approximately $150 million. It calls for the engineering, procurement, fabrication, installation and commissioning of a 640 ton water injection platform with 550 ton topsides at the Stolt Offshore Globestar fabrication yard at Warri in Nigeria. A 60 kilometer, 24-inch diameter gas export line will be installed together with a two kilometer 18-inch diameter pipeline that will link the new water injection platform to a process platform. The offshore installation program will be in 2005.

JP Capron, Vice President, Africa and Mediterranean Region said, "The award of this significant fabrication and pipelay project follows on from a similar package of work on the first phase of the Amenam development that we completed successfully in 2002. It also recognises both the excellent quality of work that our yard in Warri is known to produce and our experience of this type of project."