France's Technip and partner China Offshore Oil Engineering Co (COOEC) have been awarded by China National Offshore Oil Corp (CNOOC) a US $259m Engineering, Procurement, Installation and Construction (EPIC) contract for work on the Panyu field offshore China. The deepwater Panyu gas field development project lies in the South China Sea around 150km south of Hong Kong. The development consists in a new subsea production system with six wells and its associated control system tied up to a new central processing platform.
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