logo
Share SHARE
FONT-SIZE Plus   Neg

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Sobeys Inc. is cutting 800 jobs across Canada as part of the grocery store chain's efforts to cut costs and streamline its organization. Sobeys is Canada's second-largest grocery chain behind Loblaw Companies Ltd. The job cuts come as Sobeys, like others in the industry, grapple with stiff competition from rivals, higher costs and technological change. This year's holiday shopping season has got off to a strong start. Online shoppers spent $1.52 billion on Thanksgiving Day, with smartphones accounting for 46 percent of all traffic to U.S. retail websites, according to Adobe Analytics data. The $1.52 billion in online spend by Thanksgiving evening represents 16.8 percent growth from last year, according to the data. Shares of thyssenKrupp AG were gaining around 2 percent in the morning trading in Germany after the steel giant Thursday said it expects clearly positive net income and significantly higher adjusted EBIT, a key earnings metric, in fiscal 2018. This was after reporting higher adjusted EBIT, sales and order intake in its fiscal 2017, despite a net loss due to charges.
comments powered by Disqus
Follow RTT