mardi 16 décembre 2008

Norway's Acergy and French contractor Spiecapag signed a $550 million pipeline contract in Angola

Entrepose Contracting (ENTC.FR) said Monday its Spiecapag unit stands to make $300 million from a contract to build a new onshore and offshore gas pipeline network for Angola LNG Ltd.

Angola LNG's shareholders are affiliated to Chevron Corp (CVX) as well as Sonangol, Total (TOT), BP PLC (BP) and ENI SpA (E).

The $550 million contract was awarded to a consortium that includes Spiecapag and Acergy SA (ACY.OS) of Norway.