Technip awarded contract for flare modification in Abu Dhabi
PARIS--(BUSINESS WIRE)-- Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by ADMA-OPCO(1) a lump-sum turnkey contract for the engineering, procurement, construction, pre-commissioning, commissioning and start-up assistance for flares modification and revamp project on Das Island. Das Island is located 290 kilometers offshore Abu Dhabi, United Arab Emirates, in the Gulf.
The project aims to mitigate the hazards due to the existing atmospheric flares on offshore associated gas and upcoming integrated gas development facilities, and the risk of gas exposure for personnel during operation and maintenance of these facilities in case of flame out.
The scope of work includes the:
relocation of the South Relief flare to the east of the existing flare F-14,
installation of two new ground flares at the existing South Relief flare location,
demolition of the F-11 and F-14 flares,
replacement of a tip for flare,
new electrical substation.
Technip's operating center in Abu Dhabi will execute the project which is scheduled for completion in the first half of 2015.
Vaseem Khan, Senior Vice President of Technip in the Middle East, declared: "We are delighted to have been awarded this EPC(2)contract by ADMA-OPCO. It confirms their trust in our expertise in complex brownfield design and construction as we have already executed a number of front-end engineering design and detail engineering projects for them."
(1) Abu Dhabi Marine Operating Company.
(2) Engineering, procurement, construction.
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 36,500 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 the USA over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
KEYWORDS: United Arab Emirates Europe France Middle East
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