France's Technip announced Wednesday that it was awarded a substantial subsea contract, worth between $127.5 million (€100 million) and $318.6 million (€250 million), by Chevron Indonesia for the Bangka Development, located in Rapak PSC area, approximately 43 miles (70 kilometers) offshore the province of East Kalimantan, Indonesia.
The contract covers engineering, procurement, construction, installation, commissioning and pre commissioning of flexibles, umbilical, and subsea structures.
Technip’s operating centers in Jakarta, Indonesia, and Kuala Lumpur, Malaysia, will execute the contract and provide customer support, from conception to execution.
KK Lim, president of Technip in Asia Pacific, stated: “We are delighted to be awarded this new project. It demonstrates our differentiating advantage of having a unique vertically integrated value chain for subsea infrastructures to provide the most competitive solutions to our client.”
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