facebook
twitter
rss
account
search
search
 

Technip lands Emirati rig contract

Jan. 28, 2014 at 6:54 AM   |   Comments

PARIS, Jan. 28 (UPI) -- French energy services contractor Technip announced Tuesday it secured a contract for a rig to be deployed at the Jalilah oil field off the Emirati coast.

The French company said it was awarded a "substantial contract" by Dubai Petroleum Establishment to design, build and install a platform for the development of the Jalilah B field in shallow waters about 50 miles off the coast of Dubai.

No reserve estimate was given for the field, which was discovered in 2010. The United Arab Emirates holds 97.8 billion barrels of oil. Dubai, one of six emirates, has approximately 4 billion barrels of oil reserves, the U.S. Energy Information Administration reports.

Vaseem Khan, senior vice president for Tecnhip's operations in the Middle East, said the contract is a sign of Emirati confidence in its ability to "safely and successfully execute complex projects in one of the most congested fields in the UAE."

Technip said the project should be completed in the second half of this year.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
2
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
3
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
4
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
5
Mexican Navy to build Damen vessels Mexican Navy to build Damen vessels
Trending News
Video
x
Feedback