Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Shell Global
Solutions (Malaysia) Sdn Bhd a framework agreement for offshore
facilities in a region covering Asia, Australia, and New Zealand ("East
region”). The contract is for a period of five years, with an additional
five-year extension option.
The contract concerns engineering and project management services to
support Shell’s offshore project facilities engineering scope in the
East region. The scope of work includes pre-front-end engineering
design, front-end engineering design, detailed design engineering,
procurement services and construction management.
Technip's operating center in Kuala Lumpur, Malaysia will execute the
contract with the support of other operating centers in Asia Pacific.
This contract further strengthens our long-standing relationship with
our key client Shell, in a region where the offshore market is growing
Technip is a world leader in project management, engineering and
construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most
complex Offshore and Onshore infrastructures, our 32,000 people are
constantly offering the best solutions and most innovative technologies
to meet the world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets
on all continents and operates a fleet of specialized vessels for
pipeline installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and the
USA over-the-counter (OTC) market as an American Depositary Receipt