Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Petróleos
Mexicanos (PEMEX) two subsea contracts in the Bay of Campeche, Mexico,
worth a total amount of ?105 million.
The contracts scope includes:
the procurement and construction of two 16'' rigid pipelines (9.2 and
8.6 kilometers) for the first project,
the development of engineering, procurement and construction of a 24''
gas rigid pipeline (17 kilometers) for the second project.
Technip´s operating center in Ciudad del Carmen, Mexico, will execute
both contracts, which are scheduled to be completed at the end of 2012.
Emiliano Pescador, Technip's Country Manager in Mexico stated: "These
two projects represent a significant milestone for Technip´s long term
strategy in Mexico and its recent acquisition of Global Industries as
they will utilize several of Global Industries' assets. The contracts
strengthen both our commitment to Mexico and our relationship with
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 30,000 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
Christophe Bélorgeot, +33 (0)
1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
Vandier, +33 (0) 1 47 78 60 74