Technip Awarded a Service Contract Including Proprietary Technologies for a New Gas and Petrochemical Complex in Azerbaijan
04 1월 2017 - 3:00PM
Business Wire
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been
awarded by SOCAR GPC a service contract for the ethylene and
cryomax technology licenses respectively for a petrochemical
complex and for the NGL(1) recovery section of a gas processing
plant, which is part of a new gas and petrochemical complex,
located in Garadagh, Azerbaijan.
Technip has also been awarded a contract for the development of
the process and engineering design of all the process units
included in the gas and petrochemical plant*, as well as the design
of the related utilities and off-sites.
The scope of work covers the engineering design of:
- a new gas processing plant with
capacity of 10 BCMA(2) single train highly integrated;
- a new petrochemical plant including a
steam cracker with a capacity of 610 KTA(3) of ethylene and 120 KTA
of propylene.
In addition, the utilities and off-sites scope includes the
design of all the necessary units to operate the plant efficiently
while respecting the required safety and environmental
standards.
Technip’s operating center in Rome, Italy, will execute this
contract, scheduled to be completed during the second half of
2017.
Marco Villa, President of Technip Region EMIA(4), commented: “We
are proud of this award which reinforces the leading role of
Technip in the Oil and Gas market as licensor and as engineering
contractor in particular in the gas and petrochemical sector. This
achievement consolidates also our long term relationship with a key
client like Socar and at the same time reinforces our presence in
Azerbaijan, considered a strategic market for Technip”
*except polyethylene unit
(1)NGL: Natural Gas Liquids(2)BCMA: Billion Cubic Meter per
Annum(3)KTA: Kilo Ton per Annum(4)Technip EMIA Region covers the
following geographical regions: Europe, Russia, Middle East, India,
Africa and Latin America for Onshore-Offshore segment.
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
close to 31,000 people are constantly offering the best solutions
and most innovative technologies to meet the world’s energy
challenges.
Present in 45 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 Euronext Paris exchange, and
its ADR is traded in the US on the OTCQX marketplace as an American
Depositary Receipt (OTCQX: TKPPY).
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Public RelationsLaure Montcel, +33 (0) 1 49 01 87
81orDelphine Nayral, +33 (0) 1 47 78 34
83press@technip.comorInvestor and Analyst RelationsAurélia
Baudey-Vignaud, +33 (0) 1 85 67 43
81abaudeyvignaud@technip.comorElodie Robbe-Mouillot, +33 (0) 1 85
67 43 86erobbemouillot@technip.comorMore
informationWebsite,
http://www.technip.com@TechnipGroup
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