Press Release 13.06.07
CTC Marine Projects recieves LOI from AGIBA
CTC Marine Projects Ltd., part of the DeepOcean group and a leading subsea service provider, has received a Letter of Intent from the AGIBA Petroleum Company for a project valued at over GBP5 million.
The work site is located at AGIBA’s West Ashrafi hydrocarbon facility in
Egypt. CTC’s work scope will include the installation of a 10km umbilical
cable connecting the offshore well head with the shore, as an expansion
of the existing pipeline infrastructure.
The installation is scheduled to take place between November 2007 and January 2008.
CTC’s managing director, Tony Inglis, commented, ‘We are delighted to be undertaking this work – the AGIBA project reflects our strategy of expanded regional development.’
Ends
For further information, please contact Fiona Duckworth, Head of Marketing,
CTC Marine Projects Ltd.
CTC Marine Projects Ltd
Coniscliffe House
Coniscliffe Road
Darlington
County Durham
DL3 7EE
Telephone: 01325 390 500
marketing@ctcmarine.com
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