Leveraging its unique subsea integrated approach
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded an
important subsea contract by JX Nippon Oil and Gas Exploration
(Malaysia) Ltd in the Layang field, Block SK10, offshore Sarawak,
Malaysia at a water depth of 85 meters.
The contract covers the engineering, procurement, fabrication,
installation and commissioning of three flexible pipes totaling 9.9
kilometers. The flexible pipes consist of two production risers and
flowlines and one gas export riser and flowline, connecting shallow
water platforms to a new FPSO(1).
The Group will leverage its unique subsea integrated approach, as
Technip’s operating center in Kuala Lumpur, Malaysia, will execute the
contract, while the flexible flowlines will be produced in Asiaflex
Products, Technip’s manufacturing facility in Tanjung Langsat, Johor,
The installation campaign will use the Group’s multipurpose vessel, the
Deep Orient and the project is scheduled to be completed in the second
half of 2016.
KK Lim, President of Technip in Asia Pacific, commented, "We are
delighted to work with JX Nippon Oil and Gas Exploration and its main
partner Petronas Carigali Sdn Bhd (PCSB) on this project which is
awarded under the 'Flexible
Pipes Framework Agreement' signed with PCSB last year. It
demonstrates the competitiveness of our flexible pipe technology for
shallow water developments and the advantages of our unique subsea
integrated approach as a one stop solution for cost-effective field
(1)Floating Production Storage and Offloading unit.
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 37,500 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) as American Depositary
View source version on businesswire.com: http://www.businesswire.com/news/home/20151021006704/en/
Copyright Business Wire 2015
Source: Business Wire
(October 22, 2015 - 1:00 AM EDT)
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