EUROPE

PCH secures lucrative Caspian Sea contract

The European Technip-Coflexip group has selected the PCH Group for the provision of scaffolding a...

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The company has received an initial order for US$500,000, with work ultimately expected to be valued at around US$4 million over the next 18 months.

Work on the Shah Deniz project has only recently commenced and will complement PCH’s other work being conducted nearby on the giant BP-led ACG full field development project.

PCH managing director James Cullen said that the successful outcome was of significant strategic importance because the work was being conducted in a second major fabrication facility in Baku.

This positioned the company well to secure additional work that will occur in the facility, as has occurred on the ACG site, where the company has work on hand out to 2007.

BP and its Shah Deniz partners have contracted Technip-Coflexip to perform the design, engineering, procurement, assembly, installation, hook-up and project management assistance for a 35,000 tonne TPG 500 drilling and production platform. This will form the centerpiece of stage 1 of the development of the Shah Deniz gas field in the Azerbaijan sector of the Caspian Sea.

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