Technip (NYSE Euronext Paris: TEC) and Heerema Marine Contractors (Heerema) announce today that they have signed a worldwide alliance agreement where the two companies will combine their capabilities to help their clients best address the fast growing subsea ultra-deepwater market.
ALLIANCE RATIONALE
Ultra-deepwater projects are expected to be the fastest growing part of the subsea market over the next several years. For example, ultra-deepwater infield pipelines are forecast to grow at a yearly pace more than 15% between 2012 and 2017.
These developments have significant challenges for our clients, which the alliance of Technip and Heerema addresses:
- Increasing size and complexity of ultra-deepwater projects require extensive project management skills and execution track record,
- Complexity of deepwater reservoirs requires technology investment to optimize field design and provide solutions for high pressure, high temperature or highly corrosive hydrocarbons,
- Deeper water and heavier pipes increase pipe-tensioning and installation requirements of specialized pipe-lay vessels.