Pegasus Awarded Subsea Contract by Talisman

Talisman Energy Inc. awarded a contract to Pegasus International UK Ltd. to perform the design engineering for its Kildrummy field in the UK North Sea.

Kildrummy is located on Block 15/17 and will be tied back to the Piper Bravo platform, also located on Block 15/17.

Pegasus will design the subsea system which includes production and gas lift flowlines and tie-in spools, subsea distribution skid, subsea isolation valve structure, field architecture, and riser system. Work is expected to be completed by March of 2002. Talisman will develop the field using one or more gas lifted production wells.

Pegasus' working relationship with Talisman includes other work which includes the Orion and Hannay project and work on the Ross field. Pegasus international UK was formerly known as Mentor Project Engineering Ltd. Parent company, Pegasus International Inc., is based in Houston.