Wednesday 23 April 2014
 
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DEAL COULD BE WORTH $342m

Technip wins Qatar Petroleum offshore contract

Doha, October 21, 2013

Paris-based Technip, a world leader in the energy management industry, said it has won a key engineering, procurement, installation and commissioning contract for a strategically important offshore project from Qatar Petroleum.
 
The contract is estimated to be in the range of 100 to 250 million euros. ($136 to $342 million), said a statement from the company.
 
As per the deal, Technip will be responsible for the execution of the entire project comprising a living quarter platform and an utility platform, with a bridge connecting the two platforms.
 
The project location is within QP offshore facilities, it added.
 
The top sides for both platforms will be installed using the floatover technology, which Technip pioneered, said a senior official. 
 
This installation method enables large integrated topsides to be installed, thereby minimizing offshore hook-up and commissioning, without the use of large crane vessels.
 
Technip’s operating center in Abu Dhabi, with the support from the Group’s operating centers in Paris, France and Doha, Qatar will execute the project.  
 
Commenting on the win, Vaseem Khan, the senior VP (Middle East) said the contract reflects the growing interest for the floatover technology, by allowing a safe project execution in a time and cost-effective way while overcoming heavy-lift challenges.
 
"With this strategic project, we have the opportunity to further consolidate our presence in Qatar and to strengthen our relationship with Qatar Petroleum. It will also help us establish Technip as a leading Company in the region for executing offshore living quarter platform projects," remarked Khan. 
 
Present in 48 countries, Technip has hitech industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction. 
 
"From the deepest Subsea oil & gas developments to the largest and most complex offshore and onshore infrastructures, our 38,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges," he added.-TradeArabia News Service



Tags: Qatar Petroleum | contract | Technip | offshore |

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