Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

Technip Gets Flexible Supply Contract For Ichthys Field Development In Australia

4/11/2012 1:13 AM ET

Technip SA (TKPPY.PK,TNHPF.PK) said it secured from INPEX Corp. a flexible pipe supply lump sum contract for the Ichthys gas field in Australia. INPEX has novated the contract to McDermott as part of the overall subsea umbilical, riser, flowline EPCI contract.

The company stated that gas from the Ichthys field, in the Browse Basin around 200 kilometers offshore Western Australia, will undergo preliminary processing offshore to remove water and extract condensate. The 889 kilometers Ichthys gas export pipeline will transport production from the offshore central processing facility through a subsea pipeline to the onshore liquefied natural gas, or LNG, facility to be located at Blaydin Point, Darwin, Northern Australia.

The Ichthys LNG project is expected to produce 8.4 million tonnes of LNG and 1.6 million tonnes of liquefied petroleum gas per annum, along with around 100,000 barrels of condensate per day at peak.

Technip noted that its operating center in Perth, Australia, will execute the contract with the flexible risers being manufactured at the company's flexible plant in Le Trait, France. The contract is scheduled to be completed in the first semester of 2015.

Click here to receive FREE breaking news email alerts for Technip SA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.