Technip Awarded Contract for the New Jubail Refinery Project in Saudi Arabia.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. -- Technip (Paris:TEC) (NYSE NYSE See: New York Stock Exchange :TKP) (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. :FR0000131708) has been awarded a program management services (PMS (Pantone Matching System) A color matching system that has a unique number assigned to more than 500 different colors and shades. This standard for the printing industry has been built into many graphics and desktop publishing programs to ensure color accuracy. ) contract by Saudi Aramco and its partner Total, for the development of a large grass-roots refinery in Jubail on the east coast of the Kingdom of Saudi Arabia. Once built, the complex will be one of the largest refineries in the Middle East, processing approximately 400,000 barrels per day Barrels per day (abbreviated BPD, bbl/d, bpd, bd or b/d) is a measurement used to describe the amount of crude oil (measured in barrels) produced or consumed by an entity in one day. (BPD) of Arabian crude oil. According to the terms of the contract, over an 18-month period, Technip will carry out the front-end engineering design (FEED), develop capital and operating cost estimates, prepare the engineering, procurement and construction  The introduction to this article is vague. To comply with Wikipedia's guidelines, it should be improved. (EPC) bid packages, and provide management
services during the execution of the project's detailed
engineering, procurement and construction phases. In exchange for these
services, Technip will be compensated by the client on a cost plus fee
basis.
The contract will be executed by Technip's operations and engineering center in Rome and by the Group's local affiliate, Technip Saudi Arabia. With a workforce of more than 21,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group's main operations and engineering centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction. |
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