Kvaerner, the Anglo-Norwegian engineering and construction Group, today announced that it has received a Letter of Intent from Saipem for the manufacture and supply of production control, electrohydraulic steel tube umbilicals. The order, which is valued at approximately US$28 million, is for the Canyon Express Development in the Gulf of Mexico. Saipem is the main contractor for the Canyon Express subsea development.
19 Dec 00
Speaking about the award, Raymond Carlsen, President of Kvaerner Oilfield Products in Norway, said: ""Kvaerners selection as supplier for the Canyon Express Development consolidates our position as one of the worlds leading supplier of umbilical systems.""
The Canyon Express Development, operated by Elf Exploration, Inc. (a TotalFinaElf affiliate), combines the production from three deep-water oil fields. These are BPs Kings Peak, (BP, operator), Aconcagua, (Elf Exploration, Inc., operator) and Camden Hills (Marathon Oil Company, operator). The depths range between 1,900 and 2,200 metres. The Canyon Express umbilical system will be the deepest steel tube umbilical ever installed, containing steel tubes, electrical cables and fibre optics. The work embraces the production of more than 100 kilometres of steel tube umbilicals, of which 73 kilometres will be supplied as one continuous length. The three fields will be daisy-chained together.
The umbilicals will be manufactured at Kvaerners Oilfield Products unit at Moss in Norway, and the order is scheduled for delivery in the summer of 2001.
For further information:
Paul Emberley, Vice President, Group Communications, Kvaerner PLC: +44 (0)20 7339 1035 or +44 (0)7768 813090
Notes to editors:
Kvaerner is a world-class Anglo-Norwegian engineering and construction group with the capability and resources to undertake the worlds most challenging projects. Todays Kvaerner is an industrial technology provider. It meets the needs of its customers by adding value to their business - through the provision of innovative, cost-effective solutions to engineering, contracting and construction challenges. The Groups activities are organised in two core business areas: E&C (Engineering and Construction), and Oil & Gas. Other current activities, which include shipbuilding and pulping equipment, are to be sold. Kvaerner is a Norwegian registered business, but has a London, UK-based international headquarters. The Group has annual revenues of approximately US$8.5 billion, with some 35,000 permanent staff located in almost 35 countries throughout Europe, Asia and the Americas.
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