Contract Awarded to Coflexip Stena Offshore

December 11, 2001

Coflexip Stena Offshore Ltd. (CSOL), a UK entity of the Technip-Coflexip Group, is in charge of a three-year contract from the Texaco, Amerada Hess and Talisman Energy (THT) multi-operator alliance to provide Diving Support Vessel (DSV) and Underwater Services in the North Sea. Within the scope of the contract, CSOL is responsible for delivering project management, engineering, DSV and subsea services, the objective being to maximize uptime and production potential of the three operators’ assets throughout the UK and Danish sectors of the North Sea. In addition, while typical operations included within the contract are subsea construction, inspection, repair and maintenance works (IRM), the contract has provision for EPIC pipelay/trenching, wellservicing, decommissioning/abandonment and other construction services.

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