Technip awarded a services contract for a new upgrader in Venezuela

Technip was awarded a lump sum contract for the basic, front-end engineering design and the first phase of project management consultancy services for the Petrocarabobo upgrader(1), to be built in the Faja del Orinoco region, Venezuela. The final Client is PETROCARABOBO S.A.(2).

The upgrader will have a capacity of 200,000 barrels per standard day.

Technip’s operating center in Rome, Italy, will execute the contract in collaboration with PDVSA - Ingenieria y Construccion (a subsidiary of PDVSA). The contract activities are scheduled to be completed by the first half of 2014.

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