Coflexip Stena Awarded North Sea Contract

Coflexip Stena Offshore Ltd., a UK entity of the Technip-Coflexip Group, is in charge of a major three-year contract from the Texaco, Amerada Hess and Talisman Energy multi-operator alliance to provide Diving Support Vessel and Underwater Services in the North Sea.

Within the scope of the contract, CSOL is responsible for delivering project management, engineering, DSV and subsea services, the objective being to maximise uptime and production potential of the three operators' assets, throughout the UK and Danish sectors of the North Sea. In addition, while typical operations included within the contract are subsea construction, inspection, repair and maintenance works, the contract has provision for EPIC pipelay/trenching, wellservicing, decommissioning/abandonment and other construction services.

The majority of the work to be carried out for Texaco, Amerada Hess and Talisman Energy will be performed by the DSV CSO Alliance, with additional prioritized support provided by a range of specialist vessels. This will enable multi-task, simultaneous and multi-operator operations to be performed for all planned and unplanned routine interventions, reducing costs through combined operations. In addition to accessing CSOL's well established project management and technical leadership skills as well as its strong knowledge base of their infrastructure - as developed over the past five years - the contract will enable THT direct access to CSOL's supply chain. CSOL placed special emphasis on the importance and value of working with its supply chain partners to develop both new and innovative technologies and services in order to help drive down costs.

David Cassie, Executive Vice President, North Sea, Canada and Caspian, for Technip-Coflexip, stated: "Collaborative contracts of this nature will be critical to the success of lowering field development and production costs, helping the UK sector of the North Sea to sustain its competitive position against other international opportunities. Accordingly, we are delighted to have secured this contract affording us a long term base from which we can strive for greater levels of innovation and technological advancements to the ultimate benefit of Texaco, Amerada Hess and Talisman."

Kevin Wood, member of the Executive Committee of the Technip-Coflexip Group added: "The award of the THT contract, reflects industry recognition of CSO's success in providing similar services to the THE (Texaco, Hess and Elf) Alliance since 1995. It acknowledges CSOL's outstanding offshore safety record, and underlines the commercial and operational benefits to be gained by operators by having prioritised access to Technip-Coflexip's fleet of high-tech vessels for subsea work."