Leveraging its unique subsea vertically integrated approach
Company Website:
http://www.technip.com
PARIS -- (Business Wire)
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded an
engineering, procurement, construction, installation and commissioning
contract by PETRONAS Carigali for the tie-in of PETRONAS first Floating
Liquefied Natural Gas (PFLNG1) facility to KAKG-A platform in Kanowit
field, located 200 kilometers offshore Bintulu, East Malaysia, at a
water depth of approximately 80 meters.
The contract covers the procurement and installation of a 3.2 kilometers
flexible flowline between the existing KAKG-A central processing
platform in Kanowit field to the PFLNG1 riser. It also includes
modification and tie-in works at KAKG-A.
Technip’s operating center in Kuala Lumpur, Malaysia, will execute the
contract. The Group will leverage its unique integrated approach in the
subsea business. The flexible flowline will be manufactured in Asiaflex
Products, Technip’s manufacturing facility in Tanjung Langsat, Johor,
Malaysia. It will then be installed by the Group’s multipurpose vessel,
the Deep Orient. The installation campaign is scheduled for completion
in late 2015.
KK Lim, President of Technip in Asia Pacific, commented, "With this
award, we are able to offer to PETRONAS a competitive solution through
our unique vertically integrated value chain for subsea infrastructures,
from the design and manufacture of the flexible pipes up to its
installation, using Technip assets”.
The PFLNG1 vessel, which will produce 1.2 million tonnes of LNG per
year, will play a significant role in PETRONAS’ efforts to unlock gas
reserves in Malaysia's remote and stranded fields to help meet the
growing demand for gas.
Technip is a FLNG
leader with first mover advantage having secured the two world’s
first FLNG projects including PETRONAS
FLNG1, thanks to its unique combination of know-how and technologies
in subsea, offshore and onshore.
°
° °
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 38,000 people are constantly offering the best
solutions and most innovative technologies to meet the world’s energy
challenges.
Present in 48 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 traded in the USA
on the OTCQX marketplace (OTCQX: TKPPY).
View source version on businesswire.com: http://www.businesswire.com/news/home/20150727006027/en/
Contacts:
Public Relations
Laure Montcel
Tél. +33 (0) 1 49 01 87
81
Delphine Nayral
Tél. +33 (0) 1 47 78 34 83
E-mail: press@technip.com
or
Investor
and Analyst Relations
Kimberly Stewart
Tel. +33 (0) 1 47
78 66 74
E-mail: kstewart@technip.com
Aurélia
Baudey-Vignaud
Tel. +33 (0) 1 85 67 43 81
E-mail: abaudeyvignaud@technip.com
Michèle
Schanté
Tel. +33 (0) 1 47 78 67 32
E-mail: mschante@technip.com
or
More
information
Websitehttp://www.technip.com
@TechnipGroup
Source: Technip
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