Pemex Hands Technip €105M In Gulf Pipeline Contracts

Law360, New York (May 23, 2012, 3:45 PM EDT) -- French oil services company Technip SA has won two contracts worth €105 million ($132 million) to build subsea pipelines for a Gulf of Mexico well operated by Mexico's state-owned driller, it said Wednesday.

Technip did not name the project, but Petroleos Mexicanos SA has been awarding bids for its Ayatsil heavy crude project, which aims to pump 150,000 barrels per day from oil-rich waters in the southern Gulf.

Technip's operating center in Ciudad del Carmen, Mexico, will execute both contracts, which are scheduled to be completed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.