Technip in Russia for offshore venture talks
Technip has signed two agreements with State Corp. Russian Technologies (Rostec) in Moscow.
PARIS – Technip has signed two agreements with State Corp. Russian Technologies (Rostec) in Moscow.
These pave the way for manufacture in Russia of flexible pipes and umbilicals for Arctic region and Black Sea fields, as well as construction and renovation of offshore, refining, and petrochemical facilities in Russia.
Technip signed a memorandum of understanding with Rostec subsidiary RT-Chemcomposite Holding Co. to establish a joint venture company for subsea activities in Russia. This will be a cooperation in particular for flexible composite pipes based on Technip’s technology, allowing production of oil and gas at depths down to 3,000 m (9,842 ft). In addition, the two parties may create an R&D center.
Technip’s other agreement was with Rustechexport, which could lead to a jointly owned company providing engineering, design, and turnkey construction for oil refinery, petrochemical, and gas chemical production projects in Russia, plus facilities for offshore oil field operations.