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Technip Wins Front-End Engineering and Design Contract from PETRONAS

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Feb 2 2011

Technip (Paris:TEC) (ISIN:FR0000131708), in a consortium with Daewoo Shipbuilding & Marine Engineering Co. Ltd., has been awarded by Petroliam Nasional Berhad (PETRONAS) and MISC Berhad a front-end engineering and design contract for a floating liquefied natural gas (FLNG) unit. The FLNG, which will have a capacity of one million-tonnes per annum, will be located in Malaysia.

Technip’s operating centers in Paris, France and Kuala Lumpur, Malaysia will execute the contract, which is scheduled to be completed by the second half of 2011.

This strategic project combines technologies and know-how from Technip’s three business segments: Onshore process of natural gas liquefaction, Offshore floating facilities and Subsea infrastructures.

Following the award of Shell’s FLNG master agreement and engineering studies for the Shell Prelude project, as well as Petrobras FLNG front-end engineering design competition, this contract confirms Technip’s leadership as a major FLNG concept provider in this very promising market.

Source: http://www.technip.com/

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