Press Release News courtesy goes to WSJ Article
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY), in a consortium with PT Wijaya Karya (Persero) Tbk (WIKA), was awarded an onshore lumpsum contract by PT Pertamina EP for the Matindok Gas Development project located in Central Sulawesi, Indonesia.
The contract covers the engineering, procurement, construction and installation of gas well pads, flowlines, pipelines; a central processing plant (672 million cubic meters per year of gas) with gas treatment facilities such as acid gas removal as well as sulphur removal, and related infrastructure. Sweet gas from Matindok central processing plant will be sent to the Donggi Senoro liquefied natural gas (LNG) plant.
Technip’s operating centre in Jakarta, Indonesia, will carry out the detailed engineering, procurement of critical process equipment, while WIKA will carry out the construction activities along with the procurement of major items. The project is scheduled for completion in the first half of 2016.
KK Lim, President of Technip in Asia Pacific, stated: “We are delighted to be renewing our ties with our client Pertamina and supporting them in bringing the Matindok field onstream. Technip’s proven track record in delivering EPC contracts will ensure that the project is delivered to the highest standards of safety and quality.”
Fast facts
The Matindok Gas Development project:
-- The Matindok field, solely own by Pertamina, has about 1 billion cubic
meters per year of gas and consists of the Donggi, Matindok, Maleoraja
and Minahaki fields.
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or
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SOURCE: Technip
Copyright Business Wire 2014
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