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| Technip awarded contract in New Zealand Technip has been awarded a reimbursable ("cost plus fee") contract worth approximately USD 200 million by Origin Energy Resources (Kupe) Limited for the overall development of the Kupe Gas Project. The development is located in the Taranaki Basin, 30km off the west coast of the North Island of New Zealand. Origin is acting as operator of the Kupe Gas Development on behalf of the joint venture formed with Genesis Energy, New Zealand Oil and Gas Limited and Mitsui E & P New Zealand Limited. The offshore work is scheduled to begin in the first quarter of 2007 with the platform installation. This will be followed in late 2007 by the rigid pipelay, using the Apache, a Technip vessel, and the diving support works using a vessel from the Technip Subsea 7 Asia Pacific Pty Ltd joint venture. The onshore processing facilities should commence commercial production no later than the first half of 2009. write your comments about the article :: © 2006 Construction News :: home page |