Market Overview

Teledyne Oil & Gas Announces Record Contract Award from Aker Solutions

Share:

Teledyne Technologies Incorporated (NYSE: TDY) today announced that its Teledyne Oil & Gas group has been awarded a contract by Aker Solutions for materials and engineering support covering subsea electrical and optical wet-mate interconnects. Shipments are expected to commence late in the fourth quarter of 2014 and continue throughout 2015.

In April 2014, Aker Solutions announced the award of a contract from Total to provide a subsea production system for the Kaombo Block 32 development, located approximately 150 kilometers off the coast of Angola. The project includes the delivery of 20 subsea manifolds, 65 vertical subsea wellsets, as well as associated controls and work-over and tie-in systems.

“Teledyne Oil & Gas has a well-established partnership with Aker Solutions,” said Robert Mehrabian, Chairman, President and Chief Executive Officer of Teledyne. “We are honored and pleased to be selected to play a significant role in the success of the Kaombo project.”

Posted-In: News Contracts Press Releases

 

Related Articles (TDY)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial

Francesca's Holdings Corp Falls After Canaccord Downgrade

UPDATE: Under Armour Announces Plan to Build 1M Sq. Ft. Distribution Center in Tennessee, Will Invest ~$100M