Technip Energies (PARIS:TE), through its joint-venture TKJV LLP
with KPSP, announces the signing of a long-term services frame
agreement with Karachaganak Petroleum Operating B.V. (KPO) for the
development of the Karachaganak Field, located in northwest
Kazakhstan near Aksai.
This five-year agreement covers a comprehensive
range of services, from consulting and concept to detailed
engineering, aimed at optimizing and expanding the existing
facilities and infrastructure of one of the largest oil and gas
condensate fields in the world. The project will be executed
through TKJV LLP, Technip Energies’ locally incorporated joint
venture established in 2019 to serve the Kazakh market by
leveraging its engineering and technology capabilities.
Charles Cessot, SVP of T.EN X Consulting
and Products, commented: "We are delighted to strengthen
our relationship with KPO through this engagement. The trust placed
in us for this project demonstrates our expertise and operational
quality for many years in Kazakhstan. This project aligns perfectly
with our ambition to provide cutting-edge and efficient consulting
services.”
Nour Abou Jaoudé, CEO & Chairman of
TKJV LLP, declared: “This is a collaboration for success.
We are deeply honored and humbled by the trust that KPO's CEO, Mr.
Marco Marsili, and H.E. the Minister of Energy of the Republic of
Kazakhstan, Almassadam Satkaliyev, have bestowed upon us. We are
fully committed to supporting the localization of complex
engineering services as part of the country’s ambitious local
content development plans and specially on such an important
project for the Kazakh energy sector and economy.”
About Technip Energies
Technip Energies is a leading Engineering &
Technology company for the energy transition, with leadership
positions in 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 an extensive technology, products and services
offering.
Operating in 34 countries, our 15,000 people are
fully committed to bringing our clients’ innovative projects to
life, breaking boundaries to accelerate the energy transition for a
better tomorrow.
Technip Energies shares are listed on Euronext
Paris. In addition, Technip Energies has a Level 1 sponsored
American Depositary Receipts (“ADR”) program, with its ADRs trading
over the counter.For further information: www.ten.com
About TKJV
Created in 2019 to serve the Kazakhstan market,
the joint-venture offers qualified services to execute its clients'
projects from conceptual and feasibility studies to pre-FEED, FEED
to EPC execution, project management, Operations and Maintenance,
digitalization, and more in asset decarbonization. TKJV LLP
combines Technip Energies' engineering and technology capabilities
in supporting the energy transition with the key resources and long
history of KPSP LLC in developing infrastructure projects in
Kazakhstan.
TKJV LLP is firmly committed to the development
and maximization of Kazakh content by engaging in strategic skills
development and training programs to achieve transfer of knowledge
and natural growth expansion.
For further information: www.ten.com/en/tkjv
Contacts
Investor
Relations Media
RelationsPhillip Lindsay
Jason
HyonneVice-President Investor Relations
Press Relations & Social
Media ManagerTel: +44 207 585 5051
Tel: +33 1 47 78 22 89Email: Phillip
Lindsay
Email: Jason Hyonne
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Forward-Looking Statements
This press release contains forward-looking
statements that reflect Technip Energies’ (the
“Company”) intentions, beliefs or current
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condition, liquidity, performance, prospects, anticipated growth,
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words “believe”, “expect”, “anticipate”, “plan”, “intend”,
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The absence of these words, however, does not mean that the
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conditions and their potential effect on the Company. While the
Company believes that these forward-looking statements are
reasonable as and when made, there can be no assurance that future
developments affecting the Company will be those that the Company
anticipates.
All of the Company’s forward-looking statements
involve risks and uncertainties, some of which are significant or
beyond the Company’s control, and assumptions that could cause
actual results to differ materially from the Company’s historical
experience and the Company’s present expectations or projections.
Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may
vary materially from those set forth in the forward-looking
statements.
For information regarding known material factors
that could cause actual results to differ from projected results,
please see the Company’s risk factors set forth in the Company’s
2023 Annual Financial Report filed on March 8, 2024, with the Dutch
Autoriteit Financiële Markten (AFM) and the French Autorité des
Marchés Financiers (AMF) which include a discussion of factors that
could affect the Company’s future performance and the markets in
which the Company operates.
Forward-looking statements involve inherent
risks and uncertainties and speak only as of the date they are
made. The Company undertakes no duty to and will not necessarily
update any of the forward-looking statements in light of new
information or future events, except to the extent required by
applicable law.
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