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Business News of Friday, 7 November 2014

Source: GNA

FMC Technologies selects Harlequin for equipment supply

FMC Technologies, Inc. (NYSE: FTI) has announced the award of a sub-contract to fabricate subsea equipment to Harlequin International Ghana Limited.

Under the contract, Harlequin would be responsible for fabricating mud mats for the Tullow Oil-led TEN Project, offshore Ghana.

The fabrication of the mud mats, which would sit on the seabed and support subsea production equipment, would take place at Harlequin’s facilities in Tema and Takoradi.

“FMC Technologies is pleased to award this contract to Harlequin International Ghana,” Shelagh Daley, FMC Technologies’ Area Manager, Ghana said.

“Harlequin has a well-deserved reputation for delivering products of the highest quality while maintaining a strong commitment to safety and local content.”

“Harlequin is pleased to have been awarded this contract by FMC Technologies,” said Barry Williams, Harlequin’s CEO and Managing Director.

“Our company has worked very hard to develop world-class manufacturing capabilities…in Ghana and this award illustrates FMC Technologies’ confidence in us. I could not be more proud of our team.”

Harlequin has been in business in Ghana since 1998 and currently employs 120 staff at its facilities in Tema and Takoradi. Approximately 95 per cent of Harlequin’s employees are Ghanaian nationals.

The TEN fields (Tweneboa, Enyenra and Ntomme) lie in the deepwater Tano block, around sixty kilometres offshore Ghana. The reservoirs are spread more than 800 square kilometers, and lie in water depths of between 1,000 and 1,800 metres.

Development of the TEN Project is being led by Tullow Oil, with partners Ghana National Petroleum Corporation, Kosmos Energy LLC, Anadarko Petroleum Corporation and PetroSA.

The TEN Development Plan was approved by the Government in May 2013 and requires the drilling and completion of up to 24 development wells.

These would be connected through subsea infrastructure to a Floating, Production, Storage and Offloading vessel currently under construction in Singapore.

First oil from the TEN fields is scheduled for mid-2016, and the nominal production capacity of the FPSO is 80,000 barrels of oil per day.