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Technics wins USD 13.8m GCU contract in Indonesia

22nd July 2014

Technics Oil and Gas has been awarded its third downstream leasing contract in Indonesia worth USD 13.8m

Technics wins USD 13.8m GCU contract in Indonesia
Despite strong competition from other international competitors, the group was eventually selected due to its excellent technical proposal, experience and proven track record in the related field

It involves a five years leasing and maintenance contract for five units of gas compressor equipment as well as one year plant maintenance contract (with an option to extend for another two years) in Indonesia.

Despite strong competition from other international competitors, the group was eventually selected due to its excellent technical proposal, experience and proven track record in the related field.

“Given our recent successes in EPCC and CE projects in several countries in the region, we are witnessing higher interest levels and support from large multi-national corporations while we maintain strong ties with key customers,” said Rob Ting, Technics chief executive

On 9 July 2014, the group was awarded contracts worth a total of USD 6.2m for supply of gas booster compressor for production facilities and gas compressor skid for FSO Vapor Recovery Project in Vietnam. And on 27 May 2014, it was awarded contracts worth a total of USD 7.4m for supply of booster compressor package for wellhead platform for Vietnam and EPCI for steel structure.

On 12 Nov 2103, Technics was awarded the second leasing contract and outright sales contract worth a total of USD 10.1m for nine reciprocating gas compressor engine driven packages from Indonesia and Malaysia.

On 4 Nov 2013, NOG awarded its first Micro LNG plant project worth USD 21.0m for the supply of process equipment and accessories for Indonesia.

And on 27 May 2013, it was awarded contracts for the supply of air spread systems from Singapore worth USD 10.6m.

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