Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Technip Gets Flexible Supply Contract For Ichthys Field Development In Australia

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

Quick Facts

Editors Pick
Colorado based doctor Dilip Joseph, who was kidnapped by the Taliban discusses his ordeal in detail in a book published by Amazon on Tuesday. Extending the rebound seen over the course of the previous session, stocks moved sharply higher during trading on Friday. The gains on the day partly offset the recent sell-off on Wall Street, although the major averages remain well off their mid-September highs. While the Ebola outbreak in the U.S. has thus far been limited to just three people, the results of a new CBS News poll suggest that news of the disease has contributed to a sharp drop in public confidence in the Centers for Disease Control and Prevention.
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.