PARIS--(BUSINESS WIRE)--Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) a contract for project management consultancy (PMC) services for the engineering, procurement and construction (EPC) works of the Nasr Phase II Full Field Development project – Packages 1, 2 & 3.
The Nasr Phase II Full Field Development project serves ADMA-OPCO’s overall strategic objective for the midterm total sustainable production target. The Nasr field is being developed to secure an annual average production of 65Kb/d of crude oil by using offshore process facilities, wellheads, pipelines and facilities on Das Island.
The scope of work covers the overall management of the EPC phases under execution in United Arab Emirates, Singapore and South Korea. Technip PMC will execute the project, which is scheduled to be completed in 2019.
Vaseem Khan, President of Technip in the Middle East, commented: “This contract is a significant achievement and it reflects ADMA-OPCO’s trust in our capabilities in delivering key projects for them. Our association with the Nasr Full Field Development continues from the FEED(1) phase where Technip was the PMC contractor. This new award continues to reinforce Technip’s positioning on PMC activities, leveraging its long-lasting experience in executing complex projects”.
Riccardo Moizo, Senior Vice President of Technip PMC, stated: “We are very proud to have been awarded this contract and we are looking forward to assisting ADMA-OPCO in the development of this complex project. This award consolidates Technip’s position as one of the top-tier Project Management Consultancy companies worldwide.”
This new contract follows the award related to Zakum field and reflects Technip’s ability to work early with its clients to design effective project execution schemes.
(1)Front End Engineering Design
Fast facts about Technip PMC:
- Technip PMC is an organization with a management team dedicated and focused on the provision of PMC services to deliver projects worldwide.
- It helps clients to achieve their investment objectives and deliver their projects, by offering Project Management Consultancy (PMC) services from the definition to the operational phases.
- Technip is a project management specialist, having carried out some of the world’s most complex EPC projects. From the technology and licensor selection phase to the management of multinational consortia in the execution and successful delivery of world-scale, lump-sum turnkey projects, Technip has not only developed efficient processes, procedures and tools, but also operational and effective project management skills at all levels.
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 almost 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 traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).