Technip Awarded a Service Contract Including Proprietary Technologies for a New Gas and Petrochemical Complex in Azerbaijan

04-Jan-2017 Intellasia | BusinessWire | 1:00 PM Print This Post

PARIS–(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).


Contacts

Public Relations
Laure Montcel, +33 (0) 1 49 01 87 81
or
Delphine
Nayral, +33 (0) 1 47 78 34 83
[email protected]
or
Investor
and Analyst Relations

Aurélia Baudey-Vignaud, +33 (0) 1 85 67
43 81
[email protected]
or
Elodie
Robbe-Mouillot, +33 (0) 1 85 67 43 86
[email protected]
or
More
information

Website, http://www.technip.com
@TechnipGroup

 


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