Technip and China's China Offshore Oil Engineering Co. Ltd (COOEC) have signed an joint-venture agreement in September.
The five-year agreement will target deepwater engineering, procurement, construction and installation (EPCI) subsea umbilicals risers, and flowlines (SURF) projects at a water depth greater than 200m in China.
This agreement follows the successful award, at the end of 2012, to the COOEC-Technip Consortium of the CNOOC Panyu 34-1/2 development project.