Stolt Offshore Announces $150 Million Contract in Nigeria

abarrelfullabarrelfull wrote on 16 Jul 2012 07:58
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April 05, 2004

Stolt Offshore S.A. (NasdaqNM: SOSA; Oslo Stock Exchange: STO), announced today the signing of an interim agreement for the second phase of the Amenam project in Nigeria.

The contract, once finalised, is valued at approximately $150 million. It calls for the engineering, procurement, fabrication, installation and commissioning of a 640 tonne water injection platform with 550 tonne topsides at the Stolt Offshore Globestar fabrication yard at Warri in Nigeria. A 60 kilometre, 24-inch diameter gas export line will be installed together with a two kilometre 18-inch diameter pipeline that will link the new water injection platform to a process platform. The offshore installation programme will be in 2005.

JP Capron, Vice President, Africa and Mediterranean Region said “The award of this significant fabrication and pipelay project follows on from a similar package of work on the first phase of the Amenam development that we completed successfully in 2002. It also recognises both the excellent quality of work that our yard in Warri is known to produce and our experience of this
type of project.”


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