Technip awarded four North Sea contracts

Technip

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded four contracts by Shell UK, Fairfield Energy, Ithaca Energy, and TAQA during 2013. As the longevity of fields represents a key challenge for the energy industry, Technip aims to deliver a suite of subsea maintenance services including inspection, repair, maintenance, decommissioning, and asset integrity management, as well as brownfield construction.

Technip’s operating center in Aberdeen, UK, is managing the projects, scheduled for completion by the end of January 2014. The specialized work scopes, which equate to around 75 vessel days, have utilized the group’s diving support vessels, including the Orelia, Skandi Arctic, and Skandi Achiever.

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