Exxon Tries to Put the Worst Behind it With $20 Billion Writedown
By Jennifer Hiller HOUSTON, Nov 30 (Reuters) – Exxon Mobil Corp on Monday said it would write down the value of natural gas properties by $17 billion to $20 billion,...
Technip announced today the award of a “major” subsea contract today, one valued between €500 to €1,000 million, by ENI Muara Bakau B.V. for the Jangkirk project offshore eastern Borneo.
ENI Muara Bakau is the operator of the Jangkrik project located in the Muara Bakau PSC working area off the Mahakam Delta, the largest river of eastern Borneo (East Kalimantan) in the Makassar Strait.
Technip’s contract includes the engineering, procurement, commissioning and installation of:
In addition, the project includes the engineering, procurement and construction of an onshore receiving facility including pig traps, metering systems and utilities. The produced gas from the field will be routed to Bontang LNG plant and is scheduled to be completed in the first quarter of 2017.
The flexible pipes will be manufactured at Technip’s Asiaflex Products plant in Tanjung Langsat, Johor, Malaysia. Technip’s S-Lay and heavy-lift vessel, G1201 and its multipurpose installation and construction vessel, the Deep Orient, will be used for the installation.
Read: Subsea rival EMAS Eyes Big Opportunity in the Subsea Sector
Lim Kwee Keong, Senior Vice President of Technip in Asia Pacific commented:
“We are delighted to support Eni in bringing the Jangkrik project onstream. This contract is an excellent example of Technip’s capability to propose competitive solutions for large and complex projects which combine onshore and subsea scopes. It confirms the relevance of our strategy of vertical integration to provide best-in-class solutions to our clients’ projects.”
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