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Technip inks Venezuela production equipment deal

Technip was awarded a procurement, installation and operation support contract by Petroleos de Venezuela S.A. (PDVSA) covering subsea, onshore and offshore facilities, for an accelerated production system at the Mariscal Sucre Dragon development in offshore Venezuela.

The Mariscal Sucre Dragon field is located around 25 miles North of Paria peninsula, state of Sucre, Venezuela at a water depth of 328-427 feet (100 to 130 meters).

The project scope covers:
• supply and installation of subsea flowlines
• supply and installation of gas processing equipment onshore
• operational support for the subsea, offshore and onshore facilities.

Thierry Pilenko, CEO of Technip, said: “This project builds on the strong relationship developed with PDVSA for ongoing work. It brings together for our client the combined expertise, know-how and skills of all our business segments, demonstrating the strength of our global footprint and of our integrated model covering subsea, offshore and onshore applications. ”

Technip France signed the contract that will enter into backlog over the third and fourth quarters, largely in the company's subsea segment.

The work will be executed also with the company’s North America, and United Kingdom operating centers and with Technip's Venezuelan COFRI/Ditech consortium.

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