Technip 听has secured a 5-year framework agreement with PETRONAS Carigali Sdn Bhd (PCSB) for 听Engineering, Procurement, Construction & Installation (EPCI) or supply-only 听of flexible pipes for PCSB鈥檚 projects in Malaysia. This framework agreement further 听strengthens our long-standing relationship with our key client PETRONAS.
Asiaflex Products Sdn Bhd, Technip鈥檚 flexible pipe 听manufacturing plant located in Johor, Malaysia, will execute the framework 听agreement and manage the experienced project teams in Kuala Lumpur as well as the 听regionally-dedicated construction vessel, Deep Orient, which will in all, provide 听PETRONAS with a unique one stop solution for cost-effective field developments. 听
Kwee Keong 听Lim, President of Technip in Asia Pacific, commented: "Local content is of strategic importance to Technip. This framework 听agreement allows the long term development of talents while helping in cost-effective 听solution for our client through the deployment of flexible pipe technology in 听both green and brownfield developments. This initiative is clearly in line with 听the guiding principles by which we do business and we look forward to support PETRONAS 听through the term of this agreement."
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More about Technip鈥檚 Asiaflex plant: 听 听 听- The first 听 听flexible pipe and umbilical manufacturing facility in Asia |
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Technip is a world leader in project management, engineering and construction for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our almost 40,000 people are constantly offering the best solutions and most innovative technologies to meet the world鈥檚 energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).
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