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