TECHNIP : Awarded Contract for Ichthys FPSO Unit
06/22/2012| 01:05am US/Eastern
Technip (Paris:TEC) (ISIN:FR0000131708) was awarded a services contract
for the Ichthys floating production storage and offloading (FPSO) unit.
The FPSO unit will be located in the Browse Basin, Western Australia, at
a water depth of 250 meters. Technip will provide these services to
Daewoo Shipbuilding & Marine Engineering (DSME).
This contract covers detailed engineering and procurement assistance for
the topsides(1) facilities of the 1.2 million barrels storage
capacity Ichthys FPSO.
The Ichthys LNG project is a joint venture between INPEX(2)
(operator) and Total. Gas from the Ichthys Field, in the Browse Basin
approximately 200 kilometers offshore Western Australia, will undergo
preliminary processing offshore to remove water and extract condensate.
The condensate will be pumped to the FPSO facility anchored nearby, from
which it will be transferred to tankers for delivery to markets. The gas
will then be exported to onshore processing facilities in Darwin via an
889 kilometers subsea pipeline. The Ichthys LNG project is expected to
produce 8.4 million tonnes of LNG and 1.6 million tonnes of LPG per
annum, along with approximately 100,000 barrels of condensate per day at
Technip's operating center in Kuala Lumpur, Malaysia, will execute the
(1) Topsides: surface installations allowing the drilling
and/or production and/or processing of offshore hydrocarbons.
(2) Tokyo-based INPEX, a worldwide oil and gas exploration
and production company, is the operator of the Ichthys field with a 76%
interest. The remaining 24% interest is held by Total E&P Australia.
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
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
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