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| Technip awarded two new frame agreements by BP in Angola French energy services group Technip and its subsidiary Angoflex Ltda. (owned jointly with Sonangol) have been awarded two new major frame agreements by BP Exploration (Angola) Ltd. for oilfield developments in Angola. These frame agreements are part of BP's deepwater development programme in Angola. Each of them will comprise up to four projects, to be sanctioned separately. Under the terms of the two new frame agreements, Technip has been awarded two call off contracts for the development of the Plutao, Saturno, Venus and Marte (PSVM) fields, located offshore Angola in block 31 at water depths of 1,800 to 2,100 meters. These new contracts bring the total value of the call off contracts signed with BP for its deepwater development program in Angola to approximately €460 million. write your comments about the article :: © 2008 Construction News :: home page |