Bouygues Signs AIOC Contract

Following an interim accord with the AIOC consortium on July 11, Bouygues Offshore has signed a contract worth US $163 million to supply offshore structures for the Azeri field located 120 kilometers southeast of Baku, Azerbaijan.

Constituting Phase I of the full development of the Azeri, Chirag and Gunashli fields, the project covers the fabrication and loading of two jackets and associated piles weighing a total of 45,000 metric tons. The structures will be built at the Baku yard of SPS, a subsidiary of the SOCAR, which will be operated for at least 10 years by BOS SHELF, an equally-owned subsidiary of Bouygues Offshore and SPS. This yard is the largest in the Caspian Sea.

Engineering and procurement are underway, in addition to initial training of local staff. The project duration is roughly three years.

Commenting on this contract, Herve Le Bouc, Chairman of Bouygues Offshore stated: "This success is based on Bouygues Offshore's technical expertise, marketing approach and strong local presence. Winning this initial contract and creating BOS SHELF enables us to be confident for Phase II and Phase III of the developments of these fields and in the future prospects in the Caspian Sea, a high potential market."