Technip wins Dubai Petroleum contract
Dubai, July 4, 2012
Technip, a global leader in project management, engineering and construction for the energy industry, said it has won a an engineering, procurement, installation and commissioning (EPIC) contract from Dubai Petroleum.
As per the contract, Technip will undertake the replacement of a 12-inch gas pipeline and six 18-inch water injection pipelines in the South West Fatah and Falah fields, located 90 km offshore Dubai at a water depth up to 53 meters.
Technip said its operating centre in Abu Dhabi will execute the contract, which is scheduled to be completed by the end of the year.
Technip’s flagship S-Lay installation vessel, the G1201, will be used for pipelaying, as well as a diving support vessel.
Commenting on the win, Arturo Grimaldi, the senior vice president (Middle-East) said the contract was a significant milestone for Technip in the region.
'It confirms our entry into the promising subsea business in Middle East, where we were traditionally focused on the onshore and offshore markets, thanks notably to positions and assets gained from acquisition of Global Industries in 2011,' he added.
Present in 48 countries, Technip has hitech industrial assets on all continents and operates a fleet of specialised vessels for pipeline installation and subsea construction.-TradeArabia News Service
More Energy, Oil & Gas Stories
- Iranian oil import surges to one-year high
- Egypt will get oil aid from Arab states
- New technology for Bahrain's gas industry to save $300m
- Innovations key focus at Geoscience expo
- Iran seals gas export deal with Oman
- Total unit inks Elf Lubricants agreement
- Opec raises forecast for 2014 global oil demand
- Mitsui joins DME as trading member
- GE Power Conversion wins major SEC order
- Basra Light crude exports to rebound in April
- Aramco to produce unconventional gas for projects
- Alstom opens smart grid centre in Dubai
- Experts discuss key geosciences issues
- Egypt to permit factories to use coal for energy
- ME oil, gas transaction value up 15pc
- Victrex to showcase new product in Paris
- Aramco JV puts off giant refinery overhaul to 2015
- Libya threatens to bomb N Korean tanker
- Bahrain 'producing 850MW of surplus power'
- 2,000 experts for Bahrain geosciences summit
- Libyan rebels start oil exports, bypassing govt
- Dubai drilling company set for London IPO
- Opec output soars on higher Iraq exports
- S Korea to pay Iran $550m under nuke deal
- Qatar LPG exports will stay unchanged till 2018
- $14bn Bahrain energy sector focus for summit
- Iraq now world's fastest-growing oil exporter
- Old IT systems pose risk to oil firms
- Thomson Reuters adds commodity monitoring tool
- Oil below $90 to hit GCC economies