Press Releases - Contracts


Paris-La Défense, October 12, 2001

Technip: contract awarded for major expansion of LNG plant at Ras Laffan in Qatar

The joint venture between TECHNIP and CHIYODA has been awarded by Qatar Liquefied Gas Company (QATARGAS) an EPC contract, worth about 100 million euros, to expand the LNG facility located at Ras Laffan on the north east coast of the State of Qatar.

Under the terms of this contract, TECHNIP/CHIYODA will carry out detailed engineering, procurement and construction for the debottlenecking of the 3 LNG process trains.

The services and works involved will mainly consist in replacing or upgrading some of the key process equipment such as compressors and turbines in order to expand the capacity of each of the 3 LNG trains from 2 to 3 million tons per year. Works will be executed during four shutdowns scheduled between 2002 and 2005, the duration of which will be limited to about one month each.

This project will be handled under a single integrated project team pooling the expertise of both partners in the joint venture. The engineering center will be located in Paris, France.

Commenting this contract award, Daniel VALOT, Chairman and CEO of TECHNIP declared: "Technip and Chiyoda have pooled their expertise in LNG to take on this challenging project which will be one of the biggest LNG capacity increases in the world. Technip has been working for years in Qatar and we are proud to have been selected to participate once again in a key investment for this country".

 

With a workforce of about 18,000 and annual pro-forma revenues of nearly 4,5 billion euros, Technip-Coflexip ranks among the top five in the field of oil and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New-York (NYSE: TKP) and in Paris (EURONEXT: 13170). The main engineering and business centers of Technip-Coflexip are located in France, Italy, Germany, the UK, Norway, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world class fleet of offshore construction vessels.