Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  TechnipFMC    FTI   GB00BDSFG982

TECHNIPFMC (FTI)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

TechnipFMC : ADNOC awards FEED contracts for three fields offshore Oman

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/13/2018 | 03:42pm CET

Abu Dhabi National Oil Company (ADNOC) has awarded two front-end engineering design (FEED) contracts for its planned offshore ultra-sour gas mega-project to Bechtel (UK) and TechnipFMC (UAE).

The gas project consists of Hail, Ghasha, and Dalma fields, located in the north-west offshore area of Abu Dhabi.

Bechtel (UK) secured the contract for Hail & Ghasha fields, while TechnipFMC (UAE) received for the Dalma field.

The offshore ultra-sour gas mega-project could meet 20% of the countrys gas requirement by the second half of the next ten years.

UAE Minister of State and ADNOC Group CEO Dr Sultan Ahmed Al Jaber said: The growth in energy demand in Abu Dhabi, and the wider UAE, has prompted ADNOC to further harness its gas resources, as part of its 2030 smart growth strategy.

This FEED award provides ADNOC with the potential to unlock additional undeveloped sour gas reserves and will allow us to deliver against our strategic objective to ensure a sustainable and economic supply of gas.

In addition to FEED contracts, ADNOC is close to awarding five technology licensor agreements.

These contracts consist of a gas treatment licensor, a sulphur recovery unit (SRU) licensor, a natural gas liquids (NGL) licensor, a condensates recovery (hydro treaters) licensor, and a hydrogen generation licensor. These contracts will help in the FEED phase.

ADNOC upstream business director Abdulmunim Saif Al Kindy said: The decision to award both FEED contracts came after a rigorous and extremely competitive tendering process, ensuring we will strictly manage costs by working with contractors that can deploy effective engineering and robust value-add technologies.

In progressing with these projects, we create the potential to capitalise on our success and experience in ultra-sour gas production, gained from the development of the Shah field, the largest project of its kind in the world.

For the FEED phase, ADNOC plans to implement an integrated project delivery (IPD) strategy, which will help it to cut down the projects development schedule and cost by involving all stakeholders including potential EPC bidders, major manufacturers, and governmental bodies. These stakeholders are important to enhance design quality, precision of engineering jobs and detect uncertainties.

These fields tap into Abu Dhabis Arab formation, which is estimated to contain trillions of cubic feet of recoverable gas. The project is expected to generate more than one billion cubic feet of gas per day, which is enough to provide power for two million homes.

The FEED agreements were awarded after the project management consultancy and artificial islands design and survey contracts were granted to Artelia and KBR.

(c) 2018 CNEgypt. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TECHNIPFMC
01/13 TECHNIPFMC : ADNOC awards FEED contracts for three fields offshore Oman
01/11 TECHNIPFMC : ADNOC contracts Bechtel, TechnipFMC for sour gas project FEED
01/03 TECHNIPFMC PLC : Change in Directors or Principal Officers (form 8-K)
2017 TECHNIPFMC : Awarded Integrated EPCI Contract for the VNG Fenja Project in the N..
2017 TECHNIPFMC : awarded contract for Statoil Snorre expansion project
2017 TECHNIPFMC : Awarded Integrated EPCI (iEPCI™) Contract for the VNG Fenja P..
2017 TECHNIPFMC : Awarded Contract for the Statoil Snorre Expansion Project in the No..
2017 Statoil to extend Snorre oilfield output under $2.3 billion plan
2017 TECHNIPFMC : opens new facility in Abu Dhabi
2017 TECHNIPFMC : Opens New Facility to Support Middle East Market
More news
News from SeekingAlpha
2017 GE & BAKER HUGHES : Where Do We Go From Here?
2017 Statoil submits $2.3B plan to extend Snorre field production
2017 JOHN BEAN : Does The Roll-Up Strategy Still Have Legs?
2017 TechnipFMC (FTI) Investor Presentation - Slideshow
2017 TechnipFMC's (FTI) CEO Douglas Pferdehirt on Q3 2017 Results - Earnings Call ..
Financials ($)
Sales 2016 11 343 M
EBIT 2016 911 M
Net income 2016 547 M
Finance 2016 1 917 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017 25,20
EV / Sales 2016 1,20x
EV / Sales 2017 0,86x
Capitalization 15 585 M
Chart TECHNIPFMC
Duration : Period :
TechnipFMC Technical Analysis Chart | FTI | GB00BDSFG982 | 4-Traders
Technical analysis trends TECHNIPFMC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 35,2 $
Spread / Average Target 5,0%
EPS Revisions
Managers
NameTitle
Douglas J. Pferdehirt Chief Executive Officer & Director
Julian David Waldron Chief Operating Officer & Executive Vice President
Maryann T. Mannen Chief Financial Officer & Executive VP
Bradley D. Beitler Executive VP-Technology, Research & Development
Arnaud Caudoux Director
Sector and Competitors
1st jan.Capitalization (M$)
TECHNIPFMC6.99%15 585
SCHLUMBERGER NV14.57%105 862
HALLIBURTON COMPANY8.14%46 253
BAKER HUGHES 'A'14.70%39 787
NATIONAL OILWELL VARCO8.05%14 434
ENERGY ABSOLUTE PCL--.--%8 083