Stolt Offshore S.A. Announces $55 million Extension to Recently Awarded Deepwater Moho-Bilondo Project

abarrelfullabarrelfull wrote on 16 Jul 2012 08:30
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November 15, 2005

Stolt Offshore S.A. (NASDAQ NM: SOSA; Oslo Stock Exchange: STO), today announced that it had been awarded an extension to the recently awarded Total E&P Congo Moho-Bilondo deepwater field development offshore Congo.

The extension, valued at approximately $55 million is for the engineering, procurement, installation and commissioning of a 16” diameter export pipeline from the FPU (Floating Production Unit) of the Moho-Bilondo field to the Djeno Terminal. The installation work will be performed by the Seaway Polaris in 2007.

Bruno Chabas, Chief Operating Officer said “We are delighted to be awarded this contract extension and we are happy to be able to support Total in their ambitious plans to develop new fields in the Congo”


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