Acergy S.A. Awarded $150 million Offshore Installation Contract in Angola

abarrelfullabarrelfull wrote on 16 Jul 2012 12:59

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September 4, 2006 – Acergy S.A. (NASDAQ NM: ACGY; Oslo Stock Exchange: ACY) announced today that it had been awarded a contract by Cabinda Gulf Oil Company, a subsidiary of Chevron, for the installation of the export pipeline system on the Tombua Landana development offshore Cabinda, Angola.

The contract, valued at approximately $150 million, is for the installation and tie-in of two export pipelines that will connect the Tombua Landana drilling and production platform and the Benguela Belize oil and gas pipeline transportation system. Offshore installation is planned for mid 2008.

Bruno Chabas, Chief Operating Officer, said “Acergy is pleased to follow up the recent success of Benguela-Belize with this important export line from the Tombua Landana fields. We are committed to the success of Cabinda Gulf Oil Company's long term plans for both Block 14 and Block 0 in Angola.”

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