Technip, MMHE Confirm Substantial Petronas Contract in Malaysia
- Business & Finance
French Technip and Malaysian MMHE confirm their support to PETRONAS for the development of Block SK316, offshore Sarawak, Malaysia
Technip, in a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd, has received confirmation from PETRONAS Carigali for a substantial engineering, procurement, construction, installation and commissioning (EPCIC) contract for the development of two gas fields in Block SK316. Those fields are located approximately 180 kilometers North of Bintulu, Sarawak, at a water depth of 104 meters.
For Technip, a “substantial” offshore contract is ranging from €250 to €500 million (Technip’s part of the contract).
The Technip-MMHE joint venture had earlier participated in the front-end engineering design competition with subsequent rollover to EPCIC execution.
The EPCIC contract includes a central processing platform and a bridge-linked wellhead platform, which will be constructed at MMHE’s fabrication yard at Pasir Gudang in Johor, Malaysia, as well as a 75-kilometer pipeline, which will be installed by one of Technip’s pipe-laying vessels.
October 7, 2013