October 23, 2011

Technip Bids for RM1 Billion Deepwater Project



Technip Malaysia has submitted a bid for a deepwater job worth RM 1 billion. If the bid is successful, it will be the company’s third project. Edgar Pushparatnam, Technip Malaysia’s Managing Director, said the company’s first deepwater project, the Kikeh Spar is located at a depth of 1,330 metres in offshore Sabah. Kikeh Spar is the first deepwater development in Malaysia and also the first spar installed outside of the Gulf of Mexico. In 2006, Technip was awarded its second deepwater contract by Malaysia Marine and Heavy Engineering Sdn Bhd for Shell Gumusut-Kakap project.

Pushparatnam said the deepwater market is a major growth area for Asia Pacific. Technip’s global order book as of 30 June 2011 was 9,413 million euro and the Asia Pacific represents 13% of that amount. He also said that the company’s plant in Johor, which manufactures flexible pipe and umbilical, has received orders from clients in Malaysia, China, Vietnam and Indonesia.


(Sourced from BERNAMA)





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