PARIS--(BUSINESS WIRE)--Regulatory News :
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a major(1) subsea contract by Eni Muara Bakau B.V. (Eni) the Operator of the Muara Bakau PSC, for the Jangkrik project located in the Muara Bakau PSC working area, approximately 70 kilometers off the coast of Makassar Strait, Indonesia, at water depth ranging from 200 to 430 meters.
The contract covers the engineering, procurement, commissioning and installation of:
- 36 kilometers of flexible risers and flowlines with diameters ranging from 4" to 14",
- 195 kilometers of pipeline with diameter ranging from 4" to 24",
- subsea equipment which includes mid-water arch and flowline end termination.
Technip will also carry out the installation of 51 kilometers of umbilicals, five manifolds and seven SSIV(2) subsea structures and associated flying leads. Finally, the project also includes the engineering, procurement and construction of an onshore receiving facility including pig traps, metering systems and utilities.
The project is scheduled to be completed in the first quarter of 2017.
The flexible pipes will be manufactured at Technip’s Asiaflex Products plant in Tanjung Langsat, Johor, Malaysia. Technip’s S-Lay and heavy-lift vessel, G1201 and its multipurpose installation and construction vessel, the Deep Orient, will be used for the installation.
Lim Kwee Keong, Senior Vice President of Technip in Asia Pacific stated: "We are delighted to support Eni in bringing the Jangkrik project onstream. This contract is an excellent example of Technip’s capability to propose competitive solutions for large and complex projects which combine onshore and subsea scopes. It confirms the relevance of our strategy of vertical integration to provide best-in-class solutions to our clients' projects.”
(1) For Technip, a “major” subsea contract is ranging from €500 to €1,000 million
(2) Subsea Isolation Valve
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 40,000 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 NYSE Euronext Paris exchange and ADR is traded in the US on the OTCQX marketplace as an American Depositary Receipt (OTCQX: TKPPY).