Technics Oil & Gas Wins Compressor Contract for Tui FPSO

Technics Oil & Gas' subsidiary, Technics Offshore Engineering Pte Ltd (TOEPL), has secured a S$13.8 million contract from Norwegian company, Prosafe, for the supply of gas compression modules for its TUI FPSO project in New Zealand.

The order from Prosafe consists of 3 compression modules which will be installed onboard a floating, production, storage and off-loading (FPSO) vessel for the gas vapor recovery, gas booster and gas lift applications.

TOEPL's workscope covers the overall design of the process engineering, detail engineering & calculations, procurement and construction of the gas compression modules, with scope of supply consisting of 3 units gas compressors, coolers, associated gas scrubbing & processing vessels, including PLC controls and instrumentation. The commissioning services onboard the FPSO in offshore New Zealand is provided as a separate option.

The gas compression modules will be delivered in November 2006 ex-works. The EPCC contract won by Prosafe marks Prosafe's debut in Australia / New Zealand and is also New Zealand's first offshore solely oil field project.

Mr. Robin Ting, Executive Chairman & Managing Director of Technics Oil & Gas Ltd, is very bullish on the prospects for the next few years. The order book as of the date of announcement stands at about S$68 million.

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