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Technip/Chiyoda Awarded A Contract For PMP Onshore Facilities In Qatar

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708), leader in a joint venture with Chiyoda, has been awarded by Qatar Liquefied Gas Company Limited (Qatargas 1 *) an engineering, procurement and construction contract for the Plateau Maintenance Project (PMP) in Ras Laffan, Qatar.

Technip and Chiyoda previously carried out the feasibility study, pre-front-end engineering design (pre-FEED) and FEED of the facilities.

The scope of this contract includes a new acid gas removal unit, a new sulphur recovery unit, and modifications to utility systems for handling increased feedgas rates to the existing liquefied natural gas (LNG) trains. The contract is scheduled to be completed in 2013.

* Qatargas 1, a joint venture composed of Qatar Petroleum, Total, ExxonMobil, Mitsui and Marubeni, has been operating three LNG trains since 1996. These trains are currently producing 10 million tones of LNG per annum.

Technip

Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.

With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21 st century.

Present in 46 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.

Chiyoda

Chiyoda Corporation, headquartered in Yokohama, Japan, provides services in the fields of engineering, procurement and construction on a global basis for gas processing, refineries, and other hydrocarbon or other industrial plant projects, particularly Gas Value Chain projects, in the Middle East, Russia, Africa, South East Asia, and Oceania regions.

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