Technip Awarded a Framework Agreement for Shell's Offshore Projects in Asia Pacific
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 fast.
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 (ADR: TKPPK).
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