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Technip awarded umbilical contract in Vietnam

French oil services company Technip announces that its wholly-owned subsidiary DUCO Ltd. has been awarded a contract, by BP Exploration Operating Company Limited, worth approximately €15 million for the Lan Do field development in Vietnam. This field is located 320 kilometers south of Ho Chi Minh City, at a water depth of 120-180 meters.

The contract includes the engineering, project management and fabrication of a main umbilical and an infield umbilical. The umbilicals will utilize a hybrid technology developed by DUCO, which uses steel tube and thermoplastic hose fluid conduits for hydraulic control and chemical injection services. They will be delivered in the first half of 2012.



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