Technip Awarded a Subsea Contract in Malaysia
October 14 2016 - 1:00AM
Business Wire
Leveraging its unique subsea vertical integration
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been
awarded a subsea contract by PETRONAS Carigali Sdn Bhd, (wholly
owned subsidiary of PETRONAS), for the Samarang Redevelopment
Project Phase 2 EOR, in Malaysia.
Under this contract, Technip will manage the engineering,
supply, construction, installation and commissioning (EPCIC) of
flexible pipelines, with diameters ranging from 4” to 6”, as well
as EPCIC of associated platform I-tubes.
The contract will be executed by Technip’s operating center in
Kuala Lumpur, Malaysia and is scheduled for completion in quarter
three of 2017.
Technip will leverage on its unique subsea integrated approach,
from fabrication to installation for the project:
- the flexible pipelines will be
manufactured at Asiaflex Products, Technip’s manufacturing facility
located in Tanjung Langsat, Johor, Malaysia,
- its vessels will be mobilized for
installation works during the first half of 2017.
Arnaud Pieton, President of Technip in Asia Pacific, commented:
“We are proud to have been awarded this new contract with our
optimised solutions. It demonstrates our capacity to leverage on
our integrated offerings in both fabrication and installation of
flexible pipelines, which remain unequaled in the market
today.”
°° °
Technip is a world leader in project management, engineering and
construction for the energy industry.
From the deepest Subsea oil & gas developments to the
largest and most complex Offshore and Onshore infrastructures, our
close to 32,500 people are constantly offering the best solutions
and most innovative technologies to meet the world’s energy
challenges.
Present in 45 countries, Technip has state-of-the-art industrial
assets on all continents and operates a fleet of specialized
vessels for pipeline installation and subsea construction.
Technip shares are listed on the Euronext Paris exchange, and
its ADR is traded in the US on the OTCQX marketplace as an American
Depositary Receipt (OTCQX: TKPPY).
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81Delphine Nayral, +33 (0) 1 47 78 34
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81abaudeyvignaud@technip.comorElodie Robbe-Mouillot, +33 (0) 1 85
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