Technip has been awarded a 10-year master agreement by BP Exploration and Production covering the design, procurement and construction of hulls and mooring systems for Spar platforms to be located in the Gulf of Mexico, as well as the design of top tension risers for dry tree units.
Technip has built 14 of the 17 existing Spars worldwide. The Spars will be fabricated at the group's yard in Pori, Finland, where 12 of Technip's 14 Spars have already been manufactured.
Within the framework of this agreement, pre-front-end engineering design activity for the Mad Dog Phase II Spar has already begun. The front-end engineering design for this project is scheduled to commence in the second semester of 2011.
{WISroYQ symbol='TEC.PA'}