Technip-Coflexip Awarded Juno Contract

Coflexip Stena Offshore Ltd. has been awarded the pipeline and subsea EPCIC (Engineering, Procurement, Construction, Installation and Commissioning) contract from BG International (NSW) Ltd., for their Juno development in the Southern UK North Sea. The contract, worth 30 million pounds (46 million euros), includes the tieback of four of Juno's seven wells in 2002, and the remaining three wells in 2003. With the additional subsequent tieback of the new Minerva platform to the existing Cleeton platform, the contract represents a significant project for the North Sea's oil and gas industry in 2002 and underlines CSOL's position as the leading integrated subsea contractor in the region. As part of the contract, CSOL will undertake the project management, engineering and design, manufacture and installation of all production and piggybacked pipelines that are required for the development (a total of 77.6km). CSOL is also responsible for the project management, engineering and installation of all production control umbilicals (a total of 51.8km) and associated equipment as well as the project management, transportation and installation of two subsea manifolds. Tie-ins, testing and commissioning of the completed infrastructure will also be carried out by CSOL with a target of first gas by the end of 2002.

Fabrication of the production pipelines will be undertaken at Technip-Coflexip's Evanton spoolbase in Scotland and the umbilicals manufactured under a separate contract by Technip-Coflexip subsidiary, Duco in Newcastle. Use of some of the Technip-Coflexip vessels will complete CSOL's integrated service offering for Juno with each stage of the construction and installation process being carried out by a different, dedicated vessel. The reelship, CSO Apache, will commence pipelay operations in June 2002 with trenching support provided by the Normand Pioneer. The structures, tie-ins and testing will be completed between August and October 2002 by the Diving Support Vessel (DSV), the CSO Orelia and Diverless Construction Vessel, the CSO Constructor, followed by the DSV, CSO Alliance, for tie-ins and testing of the remaining wells in 2003.

Dave Cassie, Executive Vice President, North Sea, Canada and Caspian, for the Technip-Coflexip Group commented: "We are delighted that BG has chosen to work with CSOL on this challenging and important tie-back project. Our extensive track record and ability to provide an innovative fast track solution is critical for our clients when selecting a partner for tie-back developments and we look forward to working with BG to bring Juno onstream."