Technip Bags Shell Deal in North Sea

Technip announced that its wholly-owned subsidiary Duco Ltd. has been awarded by Shell Upstream Europe a seven year Framework Agreement Contract for the supply of umbilicals.

The contract covers engineering, procurement, project management and associated services for the fabrication and loadout of thermoplastic umbilicals up to 17 kilometers in length. The Contract Provisions shall predominately service the SWEEP portfolio of prospects in the Southern North Sea, but also include new and existing requirements for Central North Sea Assets.

Combined projects may require an average of over 15-30 kilometers of thermoplastic umbilicals per year based on business planning estimates between 2011 & 2017. The umbilical systems and thermoplastic hoses will be manufactured by Duco Ltd. in its primary business facilities in Newcastle, United Kingdom.