Technip Wins Substantial Subsea Contract for Bangka Development in Indonesia

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a substantial⁽¹⁾ subsea contract by Chevron Indonesia for the Bangka Development, located in Rapak PSC area, approximately 70km offshore the province of East Kalimantan, Indonesia.

The contract covers engineering, procurement, construction, installation, commissioning and pre commissioning of flexibles, umbilical, and subsea structures.

Technip’s operating centers in Jakarta, Indonesia, and Kuala Lumpur, Malaysia, will execute the contract and provide customer support, from conception to execution.

Technip will:

• fabricate the flexible pipes, at the Group’s Asiaflex Products plant in Tanjung Langsat, Johor, Malaysia;
• manufacture the umbilical at Technip Umbilicals’ facility in Texas, USA;
• mobilize the Deep Orient, its multipurpose installation and construction vessel, for the installation phase of the project. She joined the fleet last year and works predominantly in the Asia-Pacific market.

KK Lim, President of Technip in Asia Pacific, stated: "We are delighted to be awarded this new project. It demonstrates our differentiating advantage of having a unique vertically integrated value chain for subsea infrastructures to provide the most competitive solutions to our client.”

⁽¹⁾ For Technip, a "substantial” subsea contract is ranging from €100 to €250 million.

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