Technip and Heerema form deepwater alliance

News - October 24, 2012

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Technip and Heerema Marine Contractors havesigned a worldwide alliance agreement under whichthe two companies will combine their capabilities to help their clients best address the fast growing subsea ultra-deepwater market.

Ultra-deepwater projects are expected to be the fastest growing part of the subsea market over the next several years. For example, ultra-deepwater infield pipelines are forecast to grow at a yearly pace more than 15 per cent between 2012 and 2017.

"These developments have significant challenges for our clients, which the alliance of Technip and Heerema addresses," said Technip.

The five-year alliance agreement makes available the complementary assets of the two companies for ultra-deepwater EPCI projects in all subsea markets requiring substantial tensioning capability and brings: a worldwide commercial footprint, international network of engineering centres, leading edge technologies supported by growing R&D spend, strong project management capabilities and experience in very large and complex ultra-deepwater projects, what the companies describe as "an unmatched network of logistic bases and manufacturing plants,"high tension J-Lay vessels, provided by Heerema through their installation vessels Aegir (under construction) and Balder; andS-Lay and Reel-Lay assets of both companies, as needed.

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