France’s Technip wins oil contract in Angola

13 December 2006

Paris, France, 13 Dec – French group Technip is set to develop the Gimboa oil field in Angola, under the terms of a US$70-million contract with Angolan state oil company, Sonangol, the group said in Paris.

The Gimboa oil field is located in the sea some 85 kilometers of the Angolan coast as a depth of 680 meters.

Norwegian company, Norsk Hydro ASA, Angola Consulting resources (ACR) and Sociedade Petrolífera Angolana (Somoil) are the other partners involved in the project.

Technip will be responsible for engineering services, equipment acquisition, production, testing and installation.

With over 21,000 workers, Technip is one of the five largest worldwide groups to supply engineering and construction services to the oil industry. The company’s shares are listed on the New York and Paris stock exchanges. (macauhub)