Technip awarded two subsea contracts in the Gulf of Mexico

Source: Technip

Technip (Paris:TEC.PA) (ISIN:FR0000131708) was awarded by Petróleos Mexicanos (PEMEX) two subsea contracts in the Bay of Campeche, Mexico, worth a total amount of €105 million (USD 132 million).

The contracts scope includes:

•the procurement and construction of two 16’’ rigid pipelines (9.2 and 8.6 kilometers) for the first project,
•the development of engineering, procurement and construction of a 24’’ gas rigid pipeline (17 kilometers) for the second project.
Technip´s operating center in Ciudad del Carmen, Mexico, will execute both contracts, which are scheduled to be completed at the end of 2012.

Emiliano Pescador, Technip’s Country Manager in Mexico stated: “These two projects represent a significant milestone for Technip´s long term strategy in Mexico and its recent acquisition of Global Industries as they will utilize several of Global Industries’ assets. The contracts strengthen both our commitment to Mexico and our relationship with PEMEX.”


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