PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) (ISIN:NL0014559478) through its wholly owned subsidiary in the UK (Technip E&C Limited) has been awarded a significant(1) contract for Project Engineering and Management Services (PEMS) by Kuwait Integrated Petroleum Industries Company (KIPIC) for various projects in southern Kuwait.
The contract is for six (6) years duration and covers Project Engineering and Management Services for various potential projects in the Al-Zour complex, including the Al-Zour Refinery, Petrochemical Complex, LNG Import Facilities and other facilities belonging to KIPIC.
Stephane Mespoulhes, Vice President of Project Management Consultancy at Technip Energies commented: “We are pleased to have been awarded this contract by KIPIC which confirms our long-standing presence as an established contractor in Kuwait. This award demonstrates our leading position in Project Management Consultancy activities and confirms the ramp-up of our Technology, Products and Services business segment.”
KIPIC is responsible for operating and managing the largest grassroot integrated complex for refining, petrochemicals manufacture businesses and liquefied natural gas import facilities at Al-Zour complex.
(1) For Technip Energies, a “significant” contract is between €50 million and €250 million.
To know more about Technip Energies PMC services track-record:
Our PMC experts have carried out some of the world’s most challenging onshore and offshore projects such as the RAPID refinery and petrochemical development project in Malaysia; a multiple project for the construction and upgrading of oil production and export facilities in Kuwait; the NASR full field development in UAE; and the Trans Adriatic Pipeline (TAP) in Italy, Albania and Greece.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
This release is intended for informational purposes only for the shareholders of Technip Energies. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.
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