PRZOOM - /newswire/ -
Paris, Ile-de-France, France, 2016/09/13 - Nexans has further extended its long run of success with BP oil & gas projects by winning a major contract to supply approximately 100 km of umbilicals for the next stage of the West Nile Delta project - Nexans.com. Euronext Paris: NEX
BP Exploration (Delta) Limited, UK has ordered approximately 100 km of static umbilicals and associated accessories from Nexans for the next stage of the West Nile Delta project. This major contract will help BP, and partner DEA (Deutsche Erdoel AG), develop the Giza, Fayoum and Raven gas condensate fields and for future discovered and undiscovered resources in the BP and DEA concessions, which are between 65 km and 85 km from the coast of Alexandria, off the North Coast of the Arab Republic of Egypt.
Nexans umbilicals to make essential subsea connection for BP and DEA in Egypt’s West Nile Delta project The electrical cables will be manufactured at Nexans’ plants in Rognan and the umbilicals will be developed, manufactured and tested at Nexans’ specialised plant in Halden, Norway. The delivery will take place in 2018.
BP and Nexans are working together on phase 1 of the West Nile Delta project. In 2014, Nexans was awarded the contract to deliver 48 km of static umbilicals for the Taurus Libra development.
Winifred Patricia Johansen, Business Development Manager for Africa and Key Account Manager for BP High Voltage & Underwater Cable Business Group at Nexans said,“This significant contract shows our continued drive to be a competitive market leader. We have built up an efficient and productive working relationship with BP over many projects and this is evidence of the trust BP has in Nexans. Being the second largest BP project awarded to Nexans this year, it highlights our long standing relationship, expertise and ability to develop competitive solutions in a challenging market environment.”
Nexans (nexans.com) brings energy to life through an extensive range of cables and cabling solutions that deliver increased performance for our customers worldwide. Nexans’ teams are committed to a partnership approach that supports customers in four main business areas: Power transmission and distribution (submarine and land), Energy resources (Oil & Gas, Mining and Renewables), Transportation (Road, Rail, Air, Sea) and Building (Commercial, Residential and Data Centers). Nexans’ strategy is founded on continuous innovation in products, solutions and services, employee development, customer training and the introduction of safe, low-environmental-impact industrial processes.
In 2013, Nexans became the first cable player to create a Foundation to introduce sustained initiatives for access to energy for disadvantaged communities worldwide.
Nexans is an active member of Europacable, the European Association of Wire & Cable Manufacturers, and a signatory of the Europacable Industry Charter. The Charter expresses its members' commitment to the principles and objectives of developing ethical, sustainable and high-quality cables.
Nexans, acting for the energy transition, has an industrial presence in 40 countries, commercial activities worldwide, is employing close to 26,000 people and generating sales in 2015 of 6.2 billion euros. Nexans is listed on Euronext Paris, compartment A.
Contact: Michel Gédéon Investor Relations
P: +33(0)1 73 23 85 31 - E: Michel.gedeon[.]nexans.com.