Technip
French firm wins diverse mix of upstream and downstream contracts
The French subsea specialist has been operating tin the region since 1970, and won several engineering contracts in petrochemical, refining and fertiliser sectors in the Middle East in 2010.
New orders in 2010 included a $400 million offshore development contract from Khafji Joint Operations – the joint venture between Aramco Gulf Operations and Kuwait Gulf Oil Company – for the Khafji Crude-Related Offshore Projects in the neutral zone between the Kingdom of Saudi Arabia and Kuwait.
Project management for he contract will be run out of Abu Dhabi, one of Technip’s smaller regional hubs that, thanks to the upsurge in the firm’s regional EPC market activity, the 23,000-strong Paris-based firm will be upgrading to a fully fledged EPC operating centre in 2011.
As project leader in a consortium with Hawk International, Technip also began work on a lump sum turnkey (LSTK) contract from Total E&P Yemen for the Kharir Power Plant Project. The Plant will be in East Shabwa, in south Yemen.
The firm is also rehabilitating the decrepit Algiers refinery under a $908 million LSTK contract from Sonatrach. When Technip are finished, the Algiers refinery will produce 900,000 more oil than it does today.
