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).