Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Euronext Paris  >  TECHNIP    TEC   FR0000131708

TECHNIP (TEC)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

TECHNIP : awarded two subsea contracts in the Gulf of Mexico

05/23/2012 | 01:05am US/Eastern

Regulatory News:

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 PEMEX."

°

° °

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 (ADR: TKPPK).

Technip
Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
kstewart@technip.com
or
Apollinaire Vandier, +33 (0) 1 47 78 60 74
avandier@technip.com
http://www.technip.com


© Business Wire 2012
React to this article
Latest news on TECHNIP
02/02 TECHNIP : to release Fourth Quarter and Full Year 2015 Results on February 25, 2..
01/29 TECHNIP : to release Fourth Quarter and Full Year 2015 Results on February 25, 2..
01/25DJEUROPE MARKETS : European Stocks End Lower As Oil Pulls Back Below $31
01/25DJEUROPE MARKETS : European Stocks Reverse Gains As Oil Prices Pull Back Below $32
01/25DJEUROPE MARKETS : European Stocks Reverse Gains As Oil Prices Pull Back Below $32
01/20 TECHNIP : successfully places a EUR 375 million synthetic bond financing
01/20 TECHNIP : launches synthetic bond financing; updates on year-end 2015
01/12 VALLOUREC : Serimax, a Vallourec subsidiary, and Technip, to enter into a strate..
01/12 TECHNIP : Serimax, Technip to form pipeline welding partnership
01/12 TECHNIP : Air Products selects Technip to provide EPC services to hydrogen plant..
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials