Group in the coming months and years. We are delighted that thanks to an internal share option scheme set up some time ago, 70 of our team - the people who have been loyal to EB over a number of years - will also gain financially from this deal, sharing 20% of the proceeds. We could not have achieved what we have done without their input, and it is a real pleasure that they gain substantial benefit from the sale of the company. Can you tell us about the recent Technip deal ? Trapp EB recently was awarded a contract to provide a fully integrated pipelay system for Technip's newbuild 194m pipelay vessel (NPV). This multi-million pound contract is amongst our most extensive ever and is a huge boost for the EB team and our supply chain in North East England. From design, incorporation of Technip equipment, through build, installation on the NPV, commis-
sioning and sea trials we are providing an integrated solution. EB will develop the Technip concept to provide an innovative pipelay system which, married with other vessel characteristics, will give Technip a competitive advantage. We are looking forward to delivering the system in 2010. (The vessel will be built by STX Heavy Industries (Korea) and will transit to Tyneside, England to be fitted with the specialist pipelay equipment. The vessel is designed to carry 5600 tons of reeled pipe and to lay it in 3000m water depth, with 450 tons top tension.) What challenges lie ahead? Trapp We are searching for oil and gas in increasingly difficult places: deeper waters and under the ice cap. To get it (safety and cost-effectively) depends on engineered solutions. That's our strength.
EB designed 7,000-ton Carousel under construction for Oceanteam Power and Umbilical.
www.seadiscovery.com
Marine Technology Reporter 31
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