Technip Awarded Service Contract for a GTL Facility in the US
PARIS -- November 25, 2013
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Sasol the
front-end engineering design (FEED) contract for a gas-to-liquids (GTL) ^(1)
plant to be built in Louisiana, USA. The GTL facility will have a capacity of
more than 96,000 barrels per standard day.
As the reference and main execution center within the Group for GTL, Technip’s
operating center in Rome, Italy, will execute the FEED phase of the project.
This contract falls within the existing Front End Loading (FEL) Alliance
between Technip and Sasol in the GTL domain.
Marco Villa, Senior Vice President of Technip’s Region B^(2), declared: “The
alliance we established with Sasol is a unique win-win example of
owner/contractor collaboration. We are proud to participate in this GTL FEED
project, highlighting our leading position worldwide in major GTL facilities.”
Since its acquisition of Stone & Webster process technology last year, Technip
has leveraged a wider offer and has strengthened its leadership in the
downstream business, which is confirmed by this new award.
^(1) Gas-to-liquids: transformation of natural gas into liquid fuels.
^(2) Technip Region B is composed of Italy, Greece, Eastern Europe/Russia/CIS,
South America and Canada Onshore-Offshore.
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 38,000 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 traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
David Tadbir, Tel. +33 (0)1 40 90 19 04
Press spacebar to pause and continue. Press esc to stop.