New Awards for an Overall Value of Approximately €100 Million in the Technology-Driven Core Busines

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Maire Tecnimont S.p.A. announces that its main subsidiaries have been granted several awards for a total amount of approximately €100 million for licensing as well as engineering and procurement (EP) services. These contracts, awarded by some of the most prestigious international clients, have been granted mainly in North America, Europe, and South-East Asia.

In particular, KT – Kinetics Technology S.p.A. has been awarded an EP contract by a global engineering and construction company, consisting in the detailed engineering, procurement and delivery of three large-scale Delayed Coker Furnaces, to be installed in a new oil refinery in Mexico. The three massive coking furnaces will be delivered fully modularized and ready for site installation, and, once completed, will represent one of the world’s largest delayed coking units.

With this new achievement, KT strengthens its track record in refining and confirms its capabilities in supplying highly complex equipment, through the implementation of state-of-the-art technologies and modularization methodologies. 

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “These awards further consolidate Maire Tecnimont’s positioning in its core business and provide sound evidence of the resilience of our technology-driven development strategy, despite Covid-19 times”.

Maire Tecnimont S.p.A.
Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource conversion market (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition.  The Maire Tecnimont Group operates in approx. 45 countries, though approx. 50 operative companies and about 9,100 people. For further information: www.mairetecnimont.com.

Group Media Relations
Carlo Nicolais, Tommaso Verani
+39 02 63137603
mediarelations@mairetecnimont.it       

Investor Relations
Riccardo Guglielmetti
Tel +39 02 6313-7823
investor-relations@mairetecnimont.i

Source: mairetecnimont.com

Maersk Drilling awarded three-well contract by Petrogas

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Maersk Drilling has secured a contract from Petrogas E&P Netherlands B.V. for the harsh environment jack-up rig Maersk Resilient to drill three wells at the B13 and A12 fields in the Dutch sector of the North Sea. The contract is expected to commence in November 2020 and has an estimated duration of 110 days. The firm contract value is approximately USD 9.4m.

The parties have further agreed that Maersk Drilling will be given exclusive options to work on a selected number of Petrogas’ planned projects in the Dutch sector in 2021 and 2022.

“The three-well contract and the exclusivity agreement are yet another testament to our strong relationship with Petrogas. We are very pleased to be given the opportunity to continue our great collaboration and leverage the design of our R-class rig capabilities to support Petrogas’ business in one of their core markets in the Netherlands,” says Claus Bachmann, Head of North Sea Division in Maersk Drilling.

Separately, the previously announced contract with Petrogas North Sea Ltd for the drilling of one well at the Birgitta field in the UK sector of the North Sea will be cancelled and Maersk Drilling will receive compensation via a termination fee. Maersk Drilling retains an exclusive option with Petrogas North Sea to drill the Birgitta well in 2021 at rates reflecting the expected 2021 market.

Maersk Resilient is a 350 ft., Gusto-engineered MSC CJ 50 high-efficiency jack-up rig which was delivered in 2008. It is currently mobilising for the campaign for Petrogas in the Netherlands and thereafter Serica Energy UK Ltd.

Source: maerskdrilling.com