Technip Awarded Important Subsea Contract by Shell for the Malikai Project

PARIS--(BUSINESS WIRE)--Regulatory News:

“This contract confirms our strength in the promising subsea business in Asia Pacific. As the second contract awarded to Technip in relation to the Malikai Deepwater Development project, after the EPC(3) of the tension leg platform, it is a reflection of Shell’s continuing confidence in Technip’s expertise and work.”

Technip (Paris:TEC) was awarded by Sabah Shell Petroleum Company Ltd (SSPC) an important subsea pipelines contract⁽¹⁾ for the Malikai Deepwater project, located offshore Sabah, at a water depth of approximately 650 meters.

The contract includes transportation, installation and pre-commissioning of a 8” 50-kilometer gas pipeline and a 10” 55-kilometer liquid pipeline including steel catenary risers⁽²⁾. The pipelines stretch from the Malikai tension leg platform site to the Kebabangan platform.

Technip’s operating centers in Kuala Lumpur, Malaysia and Singapore will execute the contract, which is scheduled to be completed by the second semester of 2015. Offshore installation will be carried out by Technip’s flagship S-Lay vessel, the G1201.

Hallvard Hasselknippe, Chief Operating Officer Subsea at Technip in Asia Pacific commented: “This contract confirms our strength in the promising subsea business in Asia Pacific. As the second contract awarded to Technip in relation to the Malikai Deepwater Development project, after the EPC⁽³⁾ of the tension leg platform, it is a reflection of Shell’s continuing confidence in Technip’s expertise and work.”

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⁽¹⁾ For Technip, an “important” subsea contract is ranging from €50 to €100 million.

⁽²⁾ Riser: a pipe or assembly of pipes used to transfer produced fluids from the seabed to the surface facilities or to transfer injection fluids, control fluids or lift gas from the surface facilities and the seabed.

⁽³⁾ Engineering, Procurement and Construction.

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