Technip (Paris:TEC) (ISIN:FR0000131708), in a joint venture with
Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE)(1), was
awarded by Sabah Shell Petroleum Company Ltd (SSPC) a substantial
contract(2) for the engineering, procurement and construction
of a tension leg platform (TLP) for the TLP Malikai Deepwater Project.
This TLP will be designed as a fully-manned platform to be installed 110
kilometers offshore Sabah, Malaysia, at a water depth of approximately
500 meters. The TLP will weigh approximately 26,000 metric tonnes
incorporating a topsides(3), which will have facilities to
process 60,000 barrels of oil and 1.4 million cubic meters per day of
gas, and a hull. The tendons will be fabricated in the U.S. Gulf of
Mexico, and transported to Malaysia for installation at the Malikai
Technip will lead the joint venture, with engineering and procurement to
be carried out at its operating center in Kuala Lumpur, Malaysia. Hull
and moorings engineering will be performed in Kuala Lumpur by Technip
MHB Hull Engineering (TMH)(4). The Malikai TLP will be
constructed and commissioned at MMHE’s fabrication yard at Pasir Gudang
in Johor, Malaysia. The work is scheduled for completion in mid-2015.
Lim Kwee Keong, Senior Vice President of Technip in Asia Pacific,
stated: "This award to the Technip-MMHE joint venture extends our
participation in pioneering deepwater field development projects in
Malaysia. It also confirms Shell’s trust in the combined Technip and
MMHE’s capabilities to deliver successful projects. This contract marks
Technip’s first TLP contract and a new step in our development into the
burgeoning deepwater floating production facilities market in the Asia
Dominique de Soras, Managing Director and Chief Executive Officer of
MHB, remarked: "This project is the first TLP to be deployed in
Malaysia and the third floating platform for deepwater fields in the
country. With the TLP Malikai Deepwater Project, we look forward to
extending our already successful strategic partnership and project
execution track record with Technip.”
(1) MMHE is a wholly-owned subsidiary of Malaysia Marine and
Heavy Engineering Holdings Berhad (MHB).
(2) For Technip, a "substantial” offshore contract is ranging
from €250 to €500 million.
(3) Topsides: surface installations allowing the drilling
and/or production and/or processing of offshore hydrocarbons.
(4) TMH is a joint venture between Technip and MHB, set up in
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