TPT May 2012

I ndustry N ews

Contracts awarded in Bulgaria and Ghana TECHNIP has been awarded by Lukoil Neftochim Burgas ad, a subsidiary of OAO Lukoil, a lump sum turnkey contract worth more than €900mn (with Technip’s share being around €600mn), for the engineering, procurement and construction of phase 1 of a heavy residue hydrocracking complex to be built at its refinery in Burgas, Bulgaria. Group for this major project. This award recognises the know-how and expertise of our teams. It also confirms Technip’s leadership in the field of refining after projects such as Dung Quat in Vietnam, Jubail in Saudi Arabia, and Algiers Refinery in Algeria.” The Jubilee field is located offshore Ghana at a water depth of 1,300m. The contracts cover full project management, engineering, fabrication and installation of a new flexible riser, two rigid flowlines and 11 spools/jumpers, as well as the installation of two manifolds and 5km of umbilicals.

Technip’s operating centre in Rome, Italy will execute the contract, which is scheduled to be completed by the end of January 2015. The contract follows the successful execution of the front-end engineering design completed by Technip in the first quarter of 2010, and the detailed engineering and procurement services contract won at the beginning of 2011. Technip has also been awarded two contracts, worth approximately €100mn, by Tullow Ghana Limited for phase 1A of the Jubilee project.

The company’s operating centre in Paris, France will execute the project, with the support of the group offices in Houston, Texas, and Accra, Ghana. The flexibles will be fabricated at the group’s facility in Le Trait, France. Offshore installation is scheduled to be completed with the Global 1200 and the Deep Pioneer, two vessels from Technip’s fleet, in the second half of 2012. Technip – France Website: www.technip.com

The contract covers the detail engineering, procurement of equipment and material, construction, pre-commissioning and commissioning of a 2.5mn tons/year vacuum residue hydrocracker based on Axens H-Oil process, as well as amine regeneration unit, sour water stripper, hydrogen production units, utilities and off- sites upgrading. Nello Uccelletti, Technip senior vice president onshore, stated, “We are proud to have been chosen by the Lukoil

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M ay 2012