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) phases of the Zakum Oil Lines Replacement Project-Phase 1 (ZKOL).
The ZKOL project serves ADMA-OPCO’s objective of replacing aged oil pipelines in the Zakum field, aiming to enhance integrity assessment and sustain oil production. Accordingly, the first phase consists of about 90 kilometers of oil pipelines replacement and associated wellhead towers modification work.
With Technip’s scope of work covering the overall management consultancy of the EPC phases, the Group’s operating center in Abu Dhabi, United Arab Emirates, will carry out the project, which is scheduled to be completed in 2016.
This new award continues to reinforce Technip’s positioning on PMC activities. Leveraging its long-lasting experience in executing challenging projects, the Group has developed a comprehensive competency and created an entity dedicated to PMC, providing experienced personnel.
Riccardo Moizo, Senior Vice President of Technip PMC, stated: “We are delighted to have been awarded this project, as it further strengthens our collaboration with ADMA-OPCO as well as our presence in the Middle East, where Technip is providing PMC services for key projects.”
Vaseem Khan, Senior Vice President of Technip in the Middle East, commented: “This award follows the successful conceptual and front-end engineering design delivered by Technip in 2012 for the Zakum field. It reflects ADMA-OPCO’s trust in our capabilities in delivering key projects for them.”
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 38,500 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).
