Technip awarded subsea contract for the Cardamom field in the Gulf of Mexico

  Technip awarded subsea contract for the Cardamom field in the Gulf of Mexico

Business Wire

PARIS -- November 09, 2012

Regulatory News:

Technip (Paris:TEC) was awarded a lump sum contract for the development of
subsea infrastructure for the Cardamom field located in the Gulf of Mexico,
Garden Banks block 427. The field is at a water depth of approximately 830
meters.

The project consists of a subsea tie-back to the Auger tension leg platform,
wholly owned by Shell Offshore Inc.

The contract covers the project management, engineering, fabrication and
installation of the East and West Loop 12.8 kilometer pipe-in-pipe
flowlines^(1) with associated PLETs^(2) and steel catenary risers^(3).

Technip's operating center in Houston, Texas will perform the overall project
management. The flowlines and risers will be welded at Technip’s spoolbase in
Mobile, Alabama. The offshore installation is expected to be performed in the
second semester of 2013 by the Deep Blue, Technip’s deepwater pipelay vessel,
and the Pioneer, recently added to the Technip fleet with the acquisition of
Global Industries.

The contract follows notably the delivery to Shell of the umbilical^(4)
systems for the Perdido development (which are the deepest installed
umbilicals in the world, at a water depth of approximately 2,950 meters).

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^(1) Flowline: a flexible or rigid pipe, laid on the seabed, which allows the
transportation of oil/gas production or injection of fluids. Its length can
vary from a few hundred meters to several kilometers.

^(2) PLET: pipeline end termination, subsea structure to connect rigid
flowline and flexible riser.

^(3) Riser: a pipe or assembly of pipes used to transfer produced fluids from
the seabed to the surface facilities or to transfer injection fluids, control
fluids or lift gas from the surface facilities and the seabed.

^(4) Umbilical: an assembly of steel tubes and/or hydraulic hoses which can
also include electrical cables or optic fibres used to control subsea
structures from a platform or a vessel.

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Technip is a world leader in project management, engineering and construction
for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 32,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and the USA
over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPK).

Contact:

Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 7866 74
kstewart@technip.com
or
Apollinaire Vandier, +33 (0) 1 47 7860 74
avandier@technip.com
or
Website
http://www.technip.com
 
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