PARIS, Oct. 29 (UPI) -- French engineering company Technip said Wednesday it secured a contract to help Chevron develop its deepwater oil prospect off the coast of Indonesia.
Technip under the terms of the deal will help Chevron Indonesia develop its Bangka project by fabricating pipes and other infrastructure for offshore installations.
Technip provided few terms about the contract for work about 40 miles off the coast of Indonesia.
Chevron operations extend to four offshore production sharing contracts in Indonesia. As of 2011, the company said daily production averaged 32,000 barrels of crude oil and 165 million cubic feet of natural gas.
Natural gas production in Indonesia increased by more than 20 percent in the decade ending in 2012, the U.S. Energy Information Administration reports. The country exports about half its natural gas and is one of the largest exporters of liquefied natural gas in the world.
Chevron in 2011 completed front-end engineering and development work at the Bangka project.
