Corinth Pipeworks is awarded AkerBP’s Utsira High offshore project in the North Sea
PRESS RELEASE
Brussels, 27 February 2024
Cenergy Holdings announces that Corinth Pipeworks, its steel pipes segment, was awarded a contract from Technip FMC for 27 km of High Frequency Welded (HFW) steel pipes for the Utsira High Project development project in the North Sea.
The Utsira High Project is a bundle of two separate subsea tie-in projects, Symra and Solveig, in the central part of the North Sea. Symra will be a tie-in to the Ivar Aasen platform, while Solveig phase 2 will be connected to the Edvard Grieg platform. The Utsira High project adds valuable production capacity, wholly operated with electrical power from shore. Hence, CO2 emissions from production will be very low.
Pipes will be manufactured at Corinth Pipeworks’ facilities in Greece, while the scope of supply also includes an external 3-layer polypropylene coating applied at the same location as pipe manufacturing at Thisvi, Greece.
About Aker BP
Aker BP explores and produces gas and liquid fuel on the Norwegian continental shelf. In production, AkerBP is one of the largest independent listed oil companies in Europe. The company is listed on the Oslo Stock Exchange with the ticker "AKRBP." For more information, please visit www.akerbp.com.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. With proprietary technologies and comprehensive solutions, the company is transforming its clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions. Organized in two business segments — Subsea and Surface Technologies — they continue to advance the industry with pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation. Each of its approximately 21,000 employees is driven by a commitment to clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions. For more information, please visit www.technipfmc.com.
About Cenergy Holdings
Cenergy Holdings is a Belgian holding company listed on both Euronext Brussels and Athens Stock Exchange, investing in leading industrial companies, focusing on the growing global demand of energy transfer, renewables and data transmission. The Cenergy Holdings portfolio consists of Corinth Pipeworks and Hellenic Cables, companies positioned at the forefront of their respective high growth sectors. Hellenic Cables is one of the largest cable producers in Europe, manufacturing power and telecom cables as well as submarine cables. Corinth Pipeworks is a world leader in steel pipe manufacturing for the energy sector and major producer of steel hollow sections for the construction sector. For more information, please visit our website at www.cenergyholdings.com.