Agip lets subsea contract for Oyo field off Nigeria

Agip Exploration Ltd. has let a ¬75 million turnkey contract to Technip SA to design and produce the subsea system for Oyo oil field on Block OML 120/121 off Nigeria.

Jul 26th, 2008

Uchenna Izundu
International Editor

LONDON, July 26 -- Agip Exploration Ltd. has let a ¬75 million turnkey contract to Technip SA to design and produce the subsea system for Oyo oil field on Block OML 120/121 off Nigeria.

Technip's contract covers the engineering, fabrication, and installation of close to 20 km of flexible production, water injection, and gas injection flowlines and risers. It will also install 15 km of umbilicals supplied by Agip.

"The offshore installation is scheduled for the summer of 2009 and will be carried out by the Constructor, one of the Technip's pipelay and construction vessels," Technip said.

Oyo, which lies in 410 m of water, is expected to start production in 2009 and will produce 29,000 boe/d at its peak.

Contact Uchenna Izundu at uchennai@pennwell.com.

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