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Origin awards Kupe contract to Technip

Origin awards Kupe contract to Technip

Origin Energy Resources (Kupe) Limited (“Origin”), as operator of the Kupe Gas Project in New Zealand, has awarded the US$200 million contract for the overall development of the project to global construction specialists, Technip.
This follows the company’s elevation to ‘preferred contractor’ status in May 2006.

The contract, to be executed in an alliance arrangement with executives from Origin Energy Limited and Technip leading a team resourced from both companies, comprises the design, engineering, procurement, installation, construction, pre-commissioning and commissioning of:

• An unmanned wellhead platform with capacity for up to 6 wells plus future satellites
• A 12” multiphase pipeline to shore and umbilical from the platform to shore
• A horizontal, directionally drilled shore crossing
• Onshore processing facilities to meet planned production of 70TJ/day
• An export pipeline for sales quality natural gas
• Loading bays for LPG and condensate

Origin Energy Limited’s Executive General Manager for Major Development Projects, Andrew Stock said “We believe the alliance structure, incorporating shared objectives and risk/reward arrangements, will lead to more effective project execution in today’s challenging oil and gas construction market.”
Installation of the offshore platform is expected to commence in the March quarter of 2007 and construction of the production station in the September quarter of 2007, with the final development on-line no later than the first half of the 2009 calendar year.

The NZ$980 million Kupe Gas Project was granted final approval to proceed by the joint venture parties in June 2006.

ENDS

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