Stolt
Offshore awarded $112 million contract in Angola
Posted: 10 June 2003
Stolt Offshore S.A. announced that it had been awarded a contract
by the Daewoo Shipbuilding and Marine Engineering Company (DSME)
for work on the Benguela and Belize offshore field development in
Block 14 in Angola, which is operated by Cabinda Gulf Oil Company,
ChevronTexaco's affiliate in Angola.
This EPIC contract, valued at approximately $112 million, is for
the installation of 100 km of pipelines to connect the new Benguela
and Belize compliant tower to the Kuito FPSO and the South Nemba
and KWIP platforms.
Tom Ehret, Chief Executive Officer of Stolt Offshore, said, "This
award is a welcome addition to our business in Angola. It also demonstrates
that with our established skills, local capabilities and track record
in this region we are a desirable partner for other contractors
to work with, even when we do not take the lead on the EPIC project.
We also welcome this continuation of our long standing relationship
with Sonangol and ChevronTexaco as well as with DSME."
About Stolt Offshore
Stolt Offshore is a leading offshore contractor to the oil and gas
industry, specializing in technologically sophisticated deepwater
engineering, flowline and pipeline lay, construction, inspection
and maintenance services. The Company operates in Europe, the Middle
East, West Africa, Asia Pacific, and the Americas.
Posted by Richard Price,
Editor Pipeline Magazine
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