Technip has been awarded an approximately Euro 100 million contract by Oil and Natural Gas Corporation (ONGC) to build a 6 MMSCMD (1) onshore terminal at Odalarevu in Andhra Pradesh, India, as part of the Integrated Development of Vashishta (VA) & S1 fields. 

These VA & S1 fields are located 30-35 km off the Amalapuram coast in the KG Basin, off the East Coast of India, at water depths of 250 to 700 meters. The Onshore Terminal awarded to Technip is one of the critical components of the Integrated Development of VA & S1 fields.

Technip's scope of work for this EPCC(2) contract includes basic design, detailed engineering, procurement, fabrication, inspection and testing, installation, pre-commissioning and commissioning of the new onshore terminal facilities which will be integrated to the existing terminal. 

The hydrocarbons extracted from VA and S1 deep water offshore fields will be transported to the proposed onshore oil and gas terminal for processing. The facility consists of a slug catcher for well fluid separation, gas compressors, high integrity pressure protection system (HIPPS), glycol dehydration, dew point control, mono ethylene glycol regeneration and gas metering system. It also includes utilities and off-sites such as air compression, nitrogen generation, flare system, storage tanks and diesel generators.

Technip's operating center in Delhi, India, will manage and execute the project, which is scheduled to be completed in the second half of 2016.

Shares of the company declined Rs 0.4, or 0.12%, to settle at Rs 342.50. The total volume of shares traded was 541,035 at the BSE (Wednesday).