Technip awarded pipeline installation contract in the Gulf of Mexico

  Technip awarded pipeline installation contract in the Gulf of Mexico

Business Wire

PARIS -- December 18, 2012

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by the Discovery System* ^
a lump sum pipeline installation contract for Discovery’s South Timbalier
Block 283 Junction Platform project. The pipelines will be installed between
existing facilities in South Timbalier 280 and Ewing Bank 873 and the new
platform in Block 283, at water depths ranging from 83 to 244 meters.

The contract covers project management, engineering, transport, installation
and pre-commissioning:

  *15.8 kilometers of 12” pipeline,
  *13.9 kilometers of 30” pipeline.

Technip's operating center in Houston, Texas will perform the overall project
management and engineering.

Offshore installation will be performed in 2013 with the G1200 as the primary
installation vessel for all pipelay. Pre-commissioning will be completed by
one of the Technip diving support vessels.

David Dickson, Technip’s Senior Vice President, North America Region, has
declared: “This award is the largest-diameter pipelay contract for Technip in
the Gulf of Mexico, thanks to the acquisition of Global Industries. This 30”
pipeline will also be the largest diameter lines installed by the G1200 vessel
to date.”

* Williams Partners L.P. (NYSE:WPZ) owns 60 percent of the Discovery System
and operates it. DCP Midstream Partners, LP (NYSE:DPM) owns the other 40
percent of the Discovery System.

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: TKPPY).

Contact:

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