SEAFLOOR MINING – Technip wins riser and lifting system contract

VANCOUVER - NAUTILUS MINERALS has awarded a US$116-million contract to TECHNIP USA to provide engineering, procurement and construction management services for the rise and lifting system of Nautilus' planned deepwater seafloor mining venture off the coast of Papua New Guinea. The contract covers subsea pumps, riser pipe, the riser-handling system and associated deck equipment.

Technip (www.technip.com) is an integrated engineering, technology and construction services provider to the worldwide oil-gas and petrochemical industry and one of the world's leaders in deepwater riser technology.