Technip Awarded US $80 million Contract by Petrobras

Petrobras has awarded Technip a contract worth about US $80 million for the design and construction of a natural gas plant to be built at Guamare, in the State of Rio Grande do Norte, Brazil. This is the first onshore gas project won by Technip in Brazil.

This plant will mainly include receiving, compression facilities, separation, drying and processing as well as the associated offsites. It will produce 1.500.000,00 m3/d of industrial gas, LPG and condensate.

Under the terms of the contract, Technip will supply the engineering, procurement, construction and start up for the project. The work will be performed by the engineering center of Technip based in Rio de Janeiro and is scheduled to be completed in March 2005.