French oil firm signs EPIC contract in Libya
France’s Bouygues Offshore has signed a contract for a subsea production system, on an EPIC (engineering, procurement, installation and construction) basis, offshore Libya with Agip Gas BV—Libyan Branch, a company operating on behalf of the Libyan National Oil Corporation and Agip North Africa BV, of ENI.
To perform this contract, Bouygues Offshore has entered a joint venture with Doris Engineering. The total amount of the contract is valued at €133 million. The joint venture's share amounts to €72 million.
The project consists of engineering, procurement, construction, transportation installation and commissioning support for the subsea production system, which will be installed in a water depth of 190 meters. The system comprises two six-slots templates/manifolds and the control umbilical.
Project implementation is expected to take 30 months. It will comprise separate offshore campaigns for the installation of the templates (December 2002), and the protective structure and manifolds (December 2003). The project is part of the overall development of the Western Libya Gas Project in Block NC 41C offshore Libya.
The new contract consolidates Bouygues Offshore's activity in Libya, as well as its ability to participate in future developments in the country. In addition, it confirms the company's commitment to expanding in the North Africa/Middle East region, according to a company press release.
From design engineering to start-up and maintenance, Bouygues Offshore provides its customers with turnkey projects in offshore-onshore oil and gas contracting, liquefied gases, maritime and river works and chemicals-refining/energy-industry. — (menareport.com)
© 2002 Mena Report (www.menareport.com)