FlexTech has established its first foothold in the Southeast Asian energy market by securing a contract with an oil and gas major in Vietnam.
The project, due for completion in Q1 2016, comes on the back of FlexTech securing £250,000 in Q1 of 2015. It involves FlexTech engineers managing the system design, manufacturing, inspection and delivery of flexibles on a major floating production, storage and offloading (FPSO) facility in the South China Sea.
FlexTech Engineering Director, Craig Keyworth, said: “This is a significant contract for us, highlighting our capabilities and reputation within the global flexible sector. Breaking into the Southeast Asian market marks another milestone in our international growth strategy, and showcases the potential for our products and services in the region.”
The project involves the design of a replacement flexible pipe system to allow change out of major vessel infrastructure. It also covers infrastructure modifications to facilitate the replacement flexibles and, once sourced, FlexTech will manage the manufacturing and delivery of the flexible pipes.