Technip Awarded Substantial Contract for the Phase 2 of The GirRI Project in Angola

  Technip Awarded Substantial Contract for the Phase 2 of The GirRI Project in

Business Wire

PARIS -- November 13, 2012

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Total E&P Angola an
engineering, procurement, construction and commissioning (EPIC) contract for
the second phase of the Girassol Resources Initiatives (GirRI) development
project. The field is located 210 kilometers offshore Angola, at a water depth
of 1,300 meters.

The contract covers the project management, engineering, fabrication and
installation of:

  *21 kilometers of umbilicals^(1),
  *13 kilometers of interconnecting power cable between the Dalia and the
    Girassol floating production storage and offloading units (FPSO), both
    delivered by Technip,
  *the recovery and disposal of four rigid spools^(2),
  *the installation of eight new flexible spools.

Technip Angola Engenharia^(3) will share responsibility for the overall
project management and engineering of this subsea project with Technip UK.
Various steel structures will be fabricated by the Angoflex^(3) spoolbase in
Dande, Angola. The flexible spools will be fabricated at Technip’s
manufacturing plant in Le Trait, France. The offshore campaign is scheduled
for the end of 2014, with the main installation vessel being from Technip's

After the successful completion of the first phase of the GirRI development
project in 2012, Technip is proud to have been awarded the second phase of
this project by Total E&P Angola and its partners.

Jean-Marc Aubry, Senior Vice President of Technip Region A^(4) declared: “This
contract is a significant milestone as it demonstrates Technip’s capabilities
to execute a subsea project from Luanda, Angola. It is thus completely in line
with Technip and its partners’ objectives to maximize the Angolan national


^(1) 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.

^(2) Spool: short length pipe connecting a subsea pipeline and a riser, or a
pipe and a subsea structure.

^(3) Angoflex and Technip Angola Engenharia are joint ventures between Technip
and Sonangol.

^(4) Technip Region A is composed of Western Europe, Africa, India and

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).


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Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 7866 74
Apollinaire Vandier, +33 (0) 1 47 7860 74
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