Technip Awarded Services Contract for the Fort Hills Oil Sands Project in Canada.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. -- Regulatory News:
Technip (Paris:TEC) (NYSE NYSE
See: New York Stock Exchange :TKP TKP Türkiye Komünist Partisi (Communist Party of Turkey; formerly Sosyalist Iktidar Partisi, Party of Socialist Power)
TKP Tulajdonképpen (Hungarian)
TKP Tamarind Kernel Powder ) (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 by Fort Hills Energy L.P. a contract for the transformation of heavy oil from the bitumen sands of the Fort Hills Oil Sands project. This services contract includes front-end engineering design, detailed engineering, procurement, construction and project management for the primary upgrader(*), to be constructed near Edmonton in Alberta (Canada).
The project covers a diluent diluent /dil·u·ent/ (dil´oo-int)
1. causing dilution.
2. an agent that dilutes or renders less potent or irritant.
Serving to dilute.
n. recovery unit (DRU DRU Druid (Everquest)
DRU Disaster Resistant University
DRU Direct Reporting Unit
DRU Dansk Rugby Union (Danish Rugby Club)
DRU Dynamic Reference Unit
DRU Data Recovery Unit
DRU Data Retrieval Unit ), a delayed coking unit (DCU), and related facilities. The DRU will recover the solvent from the diluted bitumen pipelined from the Fort Hills mine site to the upgrader. The DCU will upgrade the heavy bitumen into lighter hydrocarbons through coke extraction. The hydrocarbons will be further processed in other sections to become synthetic crude oil, which will then be refined into consumer products such as gasoline and diesel.
Technip's operations and engineering center in Rome (Italy) will execute the contract, beginning with the confirmation of the existing design basis memorandum and associated cost estimate.
Fort Hills Energy L.P. consists of Petro-Canada with a 55% working interest, UTS Energy Corporation with a 30% working interest and Teck Cominco Limited with a 15% working interest. Petro-Canada Oil Sands Inc. (PCOSI), a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Petro-Canada, is the contract operator for the project.
(*) Upgrader: unit which transforms heavy oil into lighter synthetic fuel.
With a workforce of 22,000 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.