Husky awards French firm two huge Grand Banks tie back contracts
Technip says it will begin work in 2013 and 2014, respectively, on the two contracts which are worth a combined value of up to €250 million
Paris—Energy and engineering firm Technip has been awarded two Husky Oil Operations contracts for the planned subsea tieback of the floating production, storage and offloading (FPSO) unit at Husky’s South White Rose Extension field on the Grand Banks, approximately 350 kilometers southeast of St. John’s, Nfld.
Paris-based Technip says the two contracts combined are worth between €100 million to €250 million (about CAN$360 million), however a 2006 report from Husky outlining the planned amendment to the extension pegged the cost at CAN$600 million.
The first contract will be executed in 2013 and will includes the supply and installation of gas injection flowlines—a pipe laid on the seabed that transports oil or gas production or injects of fluids. It also includes the installation of umbilicals, which are steel tubes and hoses containing electrical cables, optic fibres or hydraulics used to control subsea structures from a platform or a vessel.
Technip will begin the second contract in 2014 and will supply and install flowlines and subsea structures to support oil production and water injection.
Technip’s operating center in St. John’s will handle the management and engineering of both projects. Materials and equipment will be supplied from within the Technip Group and local supply chain.