Bouygues Offshore Secures Libyan Contract

Bouygues Offshore has been awarded an EPIC contract for a subsea production system, offshore Libya with Agip Gas BV -- Libyan Branch, a Company operating on behalf of the Libyan National Oil Corporation and Agip North Africa BV, of ENI.

To perform this contract, Bouygues Offshore has entered a Joint-Venture with Doris Engineering.

The total amount of the contract is valued at EUR 133 million. The Joint-Venture's share amounts to EUR 72 million.

The project consists of engineering, procurement, construction, transportation installation and commissioning support for the subsea production system, which will be installed in a water depth of 190 meters.

The system comprises two six-slots templates/manifolds and the control umbilical. Project implementation is expected to take 30 months. It will comprise separate offshore campaigns for the installation of the Templates (December 2002), and the Protective Structure and Manifolds (December 2003).

The project is part of the overall development of the Western Libya Gas Project in Block NC 41C offshore Libya.