Technip Bags PEMEX Subsea Gig in Gulf of Mexico

Technip was awarded by Petróleos Mexicanos (PEMEX) two subsea contracts in the Bay of Campeche, Mexico, worth a total amount of €105 million.

Technip’s contracts scope includes the procurement and construction of two 16’’ rigid pipelines (9.2 and 8.6 kilometers) for the first project, and the development of engineering, procurement and construction of a 24’’ gas rigid pipeline (17 kilometers) for the second project.

Technip´s operating center in Ciudad del Carmen, Mexico, will execute both contracts, which are scheduled to be completed at the end of 2012.

Emiliano Pescador, Technip’s Country Manager in Mexico stated: “These two projects represent a significant milestone for Technip´s long term strategy in Mexico and its recent acquisition of Global Industries as they will utilize several of Global Industries’ assets. The contracts strengthen both our commitment to Mexico and our relationship with PEMEX.”

Technip is a world leader in project management, engineering and construction for the energy industry. From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 30,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges. Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

Subsea World News Staff , May 23, 2012;  Image: Technip

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UTC 2017

The subsea industry has, as all other parts of the oil & gas industry, been seriously rattled by the most severe downturn in the hydrocarbon energy era. However, the realization of what hit us and actions to be taken to sustain a healthy and profitable future is still on-going – unfortunately with thousands of colleagues paying the price by losing their job as one of the most severe consequences. At this time, there are signs that we have reached bottom in terms of most industry indicators, but few experts expect a sharp recovery. Many seem to believe that a slow recovery is what the industry needs in order to avoid an unsustainable capacity build-up, as seen in the period after the financial crisis. Considering the uncertainty of what the future will bring, this year’s UTC Program Committee have decided to challenge all of us to present ideas, experiences, technological innovations, business models and execution models for how to shape our subsea future and explain how and why subsea is the future.
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