2009-12-11
Technip: $95.8 mln pact for work offshore Egypt
TEL AVIV (MarketWatch) -- Technip, the Paris construction firm, said Thursday it received a contract valued at 65 million euros ($95.8 million) from Burullus Gas Co. for subsea engineering, construction and installation work. The work is set for the West Delta Deep Marine Phase VII development project's WDDM Concession located 95 kilometers (53 miles) offshore Egypt in the Mediterranean Sea. Burullus is held 50% by Egyptian General Petroleum Corp. and 25% by each of BG Group.
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