Technip Wins $125M Terminal Project with ONGC in India
French oil and gas services supplier Technip reported Wednesday that it has been awarded a contract worth approximately $125 million to build a 212-million cubic feet per day onshore oil terminal at Odalarevu in Andhra Pradesh, India.
The award, by India's ONGC, is part of the integrated development of the Vashishta and S1 fields.
The two fields are located some 20 miles off the Amalapuram coast in the KG Basin, off the east coast of India, in water depths of between 820 feet and 2,300 feet. The onshore terminal awarded to Technip is one of the critical components of the fields, the firm said.
Technip's contract includes basic design, detailed engineering, procurement, fabrication, inspection and testing, installation, pre-commissioning and commissioning of the new onshore terminal facilities that will be integrated to the existing terminal.
Hydrocarbons extracted from the Vashishta and S1 fields will be transported to the proposed onshore oil and gas terminal for processing. The facility consists of a slug catcher for well fluid separation, gas compressors, high integrity pressure protection system (HIPPS), glycol dehydration, dew point control, mono ethylene glycol regeneration and a gas metering system. It also includes utilities and off-sites such as air compression, nitrogen generation, flare system, storage tanks and diesel generators.
Technip's operating center in Delhi will manage and execute the project, which is scheduled to be complete during the second half of 2016.
Technip Region A President Nicoletta Giadrossi commented in a company statement:
"This award confirms our position as a major EPC contractor in the Indian oil and gas sector. The Vashistha project represents an important milestone for Technip's operations in India. We will leverage our long experience and track record in the country to deliver this project for ONGC, with whom we are looking forward to further strengthen our strategic collaboration in the future."
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