PARIS--(BUSINESS WIRE)-- Technip Energies (PARIS: TE) – as leader of a joint venture composed of Samsung Engineering and Tecnimont S.p.A. (TST JV) – has been awarded a Pre-Construction Services Agreement (PCSA) related to the Onshore facilities for the Hail & Ghasha Gas Development Project in Abu Dhabi, UAE.
The PCSA phase follows the successful completion of an updated Front-End Engineering and Design (FEED) for the entire development, executed by Technip Energies. This next phase covers early Project activities for onshore facilities, such as Initial Detailed Engineering and Procurement services of critical Long Lead items. The PCSA scope of work also includes the preparation of an Open Book Cost Estimate for the project delivery of the onshore scope, which will be considered as part of the Client’s Final Investment Decision making process.
Arnaud Pieton, CEO of Technip Energies, stated: “We are honored to be trusted by ADNOC to continue from the successful FEED execution to the initial activities for the onshore facilities for this important gas growth project, and to prepare an open-book cost estimate for project delivery. This reinforces Technip Energies long-standing relationship and trust developed over the last four decades with ADNOC, supported by our long-term presence in Abu Dhabi. Together with our joint venture partners, Samsung Engineering and Tecnimont, we will utilize our global experience on mega project execution and open book estimate conversions to transparently and diligently work with ADNOC and their international concession partners to continually optimize the project and successfully meet their requirements. Furthermore, Technip Energies ambition to engineer a sustainable future is fully aligned with ADNOC’s strategy of decarbonizing their operations while growing their lower carbon energy portfolio as they continue to help meet the world’s energy needs.”
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.ten.com.
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Source: Technip Energies