Technip, in Consortium with Samsung and Huanqiu, Awarded Contract for LNG
Project in Canada
PARIS -- May 22, 2013
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY), leader of a consortium
with Samsung Engineering Co Ltd and China Huanqiu Contracting & Engineering
Corporation, was awarded by Pacific NorthWest LNG Limited Partnership a
contract for the front end engineering design and the early detailed
engineering services of a grassroot liquefied natural gas (LNG) project. This
project is proposed to be located on Lelu Island, British Columbia, Canada.
The project will include:
*two six-million tons per year LNG trains, process units and marine
*inlet facilities, utilities and power generation,
*off-sites including buildings and jetty topside facilities.
This contract is part of a multiple design competition scheme.
Technip’s operating center in Rome, Italy will execute the contract together
with the consortium project team in Seoul, Korea and Beijing, China. Technip
will be in charge of the LNG trains, the process units and marine facilities.
The project is scheduled for completion in the second semester of 2014.
Marco Villa, Technip’s Senior Vice President of Technip Region B*, declared:
“This award confirms our strong position in the liquefaction of natural gas,
bringing extensive knowledge and conceptual design capabilities to our
client’s project. It is also in line with our strategy to get involved at
early stages of projects.”
* Technip Region B is composed of Italy, Greece, Eastern Europe/Russia/CIS,
South America. It is also in charge of Onshore-Offshore activities in Canada.
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 36,500 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: TKPPY).
About Samsung Engineering Co., Ltd
Samsung Engineering is one of the world’s leading engineering, procurement,
construction and project management (EPC&PM) companies. With experience in
over 30 countries, the company provides total project management from planning
and financing through to construction and commissioning and has built some of
the world’s largest and most complex hydrocarbon and industrial plants and
facilities. Samsung Engineering has a reputation for delivering projects on
time and uses the latest innovations to engineer industry-leading facilities.
With its global workforce at 18,000 and 2012 revenues at 10.2 billion USD, the
company is also one of the fastest growing EPC contractors. Samsung
Engineering is listed on the Korea Stock Exchange. (028050:KS) For more
information, please visit www.samsungengineering.com
About China Huanqiu Contracting & Engineering Corporation
China Huanqiu Contracting & Engineering Corporation (HQC), affiliated with
China National Petroleum Corporation (CNPC), is an intelligence-intensive,
technology-intensive and technology-oriented state-owned backbone enterprise.
HQC has fulfilled the tasks of consultation, engineering, construction and EPC
contracting for over 2,000 cross-industry large-and medium-scale domestic and
foreign projects in more than 50 years. HQC has strong ability and abundant
experience in executing EPC projects for different large-scale plants.
By virtue of its advanced technology, numerous project achievements and
reputed Credibility, HQC was rated as one of the “Ten Best Project Contractors
in the national survey and design industry on the 60th National Day, and is
one of the first to win the title of “AAA Credit Enterprise” and Beillng’s
“High-Tech Enterprise”. Moreover, HQC has been rated as one of ENR’s Top 225
International Contractors and Top 200 International Design Firms for 13
For more information, please visit www.hqcec.com.
Christophe Bélorgeot Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip Tel. +33 (0) 1 47 78 32 79
Investor and Analyst Relations
Kimberly Stewart Tel.+33 (0) 1 47 7866 74
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