Nexans wins major power cable contract for Petrofac’s Turkmenistan gas field project
Nexans will contribute to the safety and reliability of Petrofac’s new processing plant serving the South Yoloten gas field by delivering over 1,800 km of specialized, armoured and hydrocarbon resistant, low voltage (LV)power cables
Paris, August 30, 2011 – Nexans, a worldwide leading expert in the cable industry, has been awarded a major contract by Petrofac, the international provider of facilities solutions to the oil & gas production and processing industries, to supply specialized low voltage (LV) cables for a gas field development project in Turkmenistan. In the next 12 months, over 1,800 km of Nexans’ armoured and hydrocarbon resistant LV cables will be provided for installation at a new processing plant under construction to serve the South Yoloten gas field, where they will deliver power for vital control and safety services.
The South Yoloten gas field, sited around 400 km southeast of Ashgabat, the country’s capital city, ranks among the world’s top five largest gas reserves. When the development project is completed, from 2013 onwards, it is expected to export 20 million cubic metres per annum (bcma) of gas. On behalf of Turkmengas, the state-owned national gas company, Petrofac is providing the engineering, procurement and commissioning (EPC) services for the 10 million bcma gas processing plant along with the infrastructure and pipelines for the complete development.
The LV cables, developed to ensure total reliability and a long service life in demanding oil and gas applications, will be manufactured at the Nexans plants in Turkey. The project is being coordinated by the local Nexans sales engineering team, based in Dubai, together with the Nexans sales team in Istanbul, to ensure the highest possible levels of customer communication, service and technical support.
“The South Yoloten contract is an important breakthrough for Nexans into the Turkmenistan market and we are very proud to have this opportunity to further extend our long-standing relationship with Petrofac on strategic oil and gas projects”, said Bernard Albouy, Nexans Market Director for Oil & Gas Business. “Our capability and track record to provide high quality, field-proven cables for even the most demanding applications was an important element in winning this contract.”
With energy as the basis of its development, Nexans, worldwide leading expert in the cable industry, offers an extensive range of cables and cabling systems. The Group is a global player in the infrastructure, industry, building and Local Area Network markets. Nexans addresses a series of market segments: from energy, transport and telecom networks to shipbuilding, oil and gas, nuclear power, automotives, electronics, aeronautics, material handling and automation.
Nexans is a responsible industrial company that regards sustainable development as integral to its global and operational strategy. Continuous innovation in products, solutions and services, employee development and engagement, and the introduction of safe industrial processes with limited environmental impact are among the key initiatives that place Nexans at the core of a sustainable future.
With an industrial presence in 40 countries and commercial activities worldwide, Nexans employs 23,700 people and had sales in 2010 of more than 6 billion euros. Nexans is listed on NYSE Euronext Paris, compartment A. For more information, please consult www.nexans.com or http://www.nexans.mobi