Technip strengthens its fleet with DOF

News - June 29, 2006

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Technip has announced that it has reached several new milestones in relation to its strategy to renew and develop the Groupís subsea construction fleet, and has signed agreements with Norwegian shipowner District Offshore (DOF) which provide commitments with respect to two of its new build vessels.

Technip is teaming with DOFCON, a subsidiary of DOF, for the joint ownership and management of its new build DP III DSV. This vessel will be mostly dedicated to the support of the Statoil frame agreement signed with Technip for diving, pipeline repair, contingency and modification services.

Based on the Aker OSCV-06L design, the 153m newbuild will be equipped with a 300 tonne crane and a 24 man dive system built to Norwegian standards. Delivery is due at the end of 2008 and she will, claims Technip, "be the most modern diving support vessel in the world."

Technip has also signed an eight-year charter agreement for a new build DP II DSV based on the Aker ROV06 design.

This 105m vessel, owned by DOF, will be fitted with an 18 diver saturation system which will be supplied by Technip.

The vessel, which will operate mainly in the UK Continental Shelf, will be equipped with a 150 tonne crane and all equipment necessary to execute subsea construction and installation, repair and maintenance (IRM) projects in the most challenging North Sea or deep water environments. This vessel is due for delivery in the third quarter of 2007.

In addition, Technip has confirmed that the Group has entered into a Memorandum of Understanding (MOU) for the joint marketing of the subsea construction vessel built by DOF in Brazil.


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