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Technip awarded two contracts in the Gulf of Mexico

French engineering firm Technip has been awarded two major contracts by Petrobras America, a subsidiary of Petrobras, worth a total of over USD 300 million, for the development of the Cascade and Chinook gas fields, located in the Walker Ridge area of the Gulf of Mexico, in 8,200 and 8,800 feet of water, respectively.

Offshore installation is scheduled to commence in the third quarter of 2009, using Technip's vessels Deep Blue and Constructor.



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