STOCKHOLM--(BUSINESS WIRE)-- Atlas Copco (STO:ATCOA)(STO:ATCOB) has won orders for compressed air and gas purification equipment to be delivered to the Tengizchevroil Future Growth Project and Wellhead Pressure Management Project. The total order value is close to MEUR 40 (MSEK 370).
Atlas Copco was selected to manufacture and deliver air compressors, cooling systems and air and gas purification packages to be installed as part of the project to expand production at the Tengiz oil and gas field in western Kazakhstan.
The orders were placed in Q2 2014, and delivery is scheduled for early 2016.
More information about the customer is found here: Tengizchevroil is a Kazakhstani partnership that explores, develops, produces and markets crude oil, LPG, dry gas and sulfur. The company prides itself on conducting its operations in accordance with world-class safety and environmental standards. The Tengiz field in Western Kazakhstan was discovered in 1979 and is now one of the world’s deepest producing super giant fields. In April 1993, Tengizchevroil was formed between the Republic of Kazakhstan and Chevron. Tengizchevroil partners include Chevron, 50 percent; KazMunaiGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; and LUKArco, 5 percent.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.
Atlas Copco’s Compressor Technique business area provides industrial compressors, vacuum solutions, gas and process compressors and expanders, air and gas treatment equipment and air management systems. The business area has a global service network and innovates for sustainable productivity in the manufacturing, oil and gas, and process industries. Principal product development and manufacturing units are located in Belgium, Germany, the United States, China and India.
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Source: Atlas Copco