Paris, August 5, 2008

 

Technip has been awarded by Canadian Natural Resources Ltd. a new EP^* contract for the expansion of a facility converting heavy oil into lighter synthetic crude (upgrader). It is part of Tranche 2 of the Horizon project, located north of Fort MacMurray, in Alberta, Canada.

Technip's operating center in Rome, Italy, will execute the contract. The engineering, procurement and supply of equipment and materials activities, worth approximately €130 million, will be charged on a lump sum basis. Construction management assistance services will be delivered by Technip as part of an integrated team with the client, on a reimbursable basis.

The contract covers four new units:

• a gas recovery unit,
• a butane treating unit,
• sulphur recovery facilities, and
• a carbon dioxide (CO2) capture unit.

The contract is scheduled to be completed in third quarter of 2011. This is the fourth contract awarded to Technip by Canadian Natural Resources for the same project, confirming the successful collaboration between the two companies and attesting of Technip’s expertise in non-conventional hydrocarbons.

^* EP: engineering and procurement