Nexans wins a 15 million Euro power cable contract
Nexans will supply MV and LV power cables for Vietnam’s
Paris, February 22, 2007 - Nexans, the worldwide leader in the cable industry, has been awarded a contract worth approximately 15 million Euro to supply medium (MV) and low voltage (LV) power cables for Vietnam’s first crude oil refinery, to be located in Dung Quat, south of Da Nang in central Vietnam. This project is being commissioned by Technip, one of the major corporations in the field of oil, gas and petrochemical engineering, construction and services, and the leader in a consortium with Japan Gas Corporation and Tecnicas Reunidas, on behalf of Vietnam Oil & Gas Corporation (Petrovietnam).
For the Dung Quat refinery project, Nexans will supply approximately 1,400 km of medium and low voltage power cables. The cables will be installed underground to supply power for the contractors involved in the construction of the refinery and then for the refinery itself.
“The Oil & Gas market is very dynamic in terms of investments in the Asia-Pacific region and Nexans is fully committed to supporting this sector. The Group is able to mobilize several production facilities in different countries to ensure that we can guarantee the quality of customer service required in such short-term projects. For this specific project in Vietnam, quality and reliability are really the key words” says Michel Lemaire, Executive Vice-president for Nexans’ Asia-Pacific Area.
The Dung Quat project includes both the refinery and the crude oil import facilities. This refinery is designed to have a processing capacity of 145,000 BPSD (Barrels Per Stream Day), which will serve Vitetnam’s domestic market and reduce the country’s oil product imports.
The cables will be manufactured by Nexans plants in Vietnam, Korea and France. They should be delivered and installed from January to September 2007. Mechanical completion of the refinery should occur in 2008.
Nexans in Vietnam: strong industrial presence in a fast developing region
Over the last few years Vietnam has experienced growth rates similar to those of China, resulting in the rapid development of the country's energy and telecom infrastructures. Nexans has had an industrial presence in Vietnam since 2001. Today, Nexans employs 435 people in Vietnam and has three industrial plants dedicated to the telecom / energy infrastructures, industrial, building wire and LAN markets. Their sales represent 45 million Euro for domestic and export markets. The plants of Vietnam are supporting the regional sales network coordinated from Singapore in ASEAN (Association of Southeast Asian Nations)and South Asia.
With energy as the basis of its development, Nexans, the worldwide leader in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry and building markets. Nexans addresses a series of market segments from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear, automotive, electronics, aeronautics, handling and automation. With an industrial presence in more than 30 countries and commercial activities worldwide, Nexans employs 21,000 people and had sales in 2006 of 7.5 billion euros. Nexans is listed on the Paris stock exchange, compartment A of the Eurolist of Euronext. More information on www.nexans.com
With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group’s main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and sub sea construction.