Chevron Indonesia signs up Technip for huge subsea contract

Chevron Indonesia signs up Technip for huge subsea contract

Jakarta: Chevron Indonesia has awarded a “substantial” subsea contract to Technip for the supply of engineering and equipment to its Bangka Development, located in the Rapak PSC area, approximately 70km offshore from East Kalimantan, Indonesia.

The value of the deal has not been disclosed, but Technip says contracts of this kind are usually worth between €100m to €250m.

The contract covers engineering, procurement, construction, installation, commissioning and pre-commissioning of flexibles, umbilical, and subsea structures.

The flexible pipes will be fabricated at the Technip-owned Asiaflex Products plant at Tanjung Langsat, Malaysia. The umbilicles will be manufactured at the company’s facility in Texas, USA.

The installation phase of the project will see the mobilisation of Deep Orient, Technip’s new multipurpose installation and construction vessel.

“We are delighted to be awarded this new project,” said KK Lim, President of Technip in Asia Pacific. “It demonstrates our differentiating advantage of having a unique vertically integrated value chain for subsea infrastructures to provide the most competitive solutions to our client.” [30/10/14]