Technip to Start Construction Work for the Heidelberg Spar

  Technip to Start Construction Work for the Heidelberg Spar

Business Wire

PARIS -- November 27, 2012

Regulatory News:

Technip (Paris:TEC) received instructions from Anadarko Petroleum Corporation
to begin the engineering, construction and transport of a 23,000-ton Truss
Spar^(1) hull for their Heidelberg field development. This field is located in
the US Gulf of Mexico, at a water depth of 1,620 meters (5,310 feet).

The Letter of Intent allows Technip to begin construction work on the project
and other early works including purchase of long-lead items for the hull and
start of fabrication, in advance of the expected project sanctioning around
mid-2013, after which it will enter into Technip's backlog.

The Heidelberg Spar^(2) will have a capacity of more than 80,000 barrels of
oil and 2.3 million cubic meters of natural gas per day.

Technip’s operating center in Houston, Texas will provide the overall project
management and engineering. The detailed hull design and fabrication will be
carried out by Technip’s construction yard in Pori, Finland where most of
Technip’s Spar projects have been manufactured.

David Dickson, Technip’s Senior Vice President, North America Region, has
declared: “Technip is really proud to have received this Letter of Intent. Not
only does it strengthen our long-lasting relationship with Anadarko but it
also confirms its continuous trust in the Group’s extensive know-how and
expertise in Spar technology. After Lucius, awarded last year and currently
being built in our yard in Pori, Heidelberg will be the 8^th Spar delivered by
Technip to Anadarko.”

The Heidelberg Spar will be the 17^th delivered by Technip (out of 20
worldwide) and thus demonstrates the Group’s leadership for this kind of
floating platform and ability to tackle ultra-deepwater developments. It also
confirms Pori’s track record expertise and great capabilities to deliver
state-of-the-art platforms.

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^(1) Spar: a cylindrical, partially submerged offshore drilling and production
platform that is particularly well adapted to deepwater.

^(2) The Heidelberg Spar will be jointly owned by Anadarko (44.25%), Eni
(12.5%), Apache Deepwater LLC (12.5%), Statoil (12%), ExxonMobil (9.375%), and
Cobalt (9.375%).

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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
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Present in 48 countries, Technip has state-of-the-art industrial assets on all
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installation and subsea construction.

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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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