Technip Awarded Offshore Contract for the Martin Linge Project in Norway

  Technip Awarded Offshore Contract for the Martin Linge Project in Norway

Business Wire

PARIS -- December 21, 2012

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708), leader in a consortium with Samsung
Heavy Industries (SHI), was awarded by Total E&P Norge, a contract for the
Martin Linge development* project located approximately 180 kilometers west of
Bergen, Norway, in a water depth of 115 meters. The total contract is worth
approximately USD 1.25 billion, with a Technip share of around USD 780
million.

This contract covers the engineering, procurement, fabrication,
transportation, hook-up and commissioning of the topsides of a fixed
production platform. The topsides will compose of utility, process and flare
modules, as well as a living quarter with 95 single-bed cabins. The topsides,
with an estimated operating weight of 25,000 tons, will be installed on an
eight legged jacket.

Technip’s operating center in Paris, France will execute the contract, with
the support of the Chennai, India and Oslo, Norway centers. SHI will be in
charge of the construction of the process, utility and flare modules and
transportation from South Korea. The living quarters will be fabricated in
Europe. The topsides are scheduled to be in operation by the end of 2016.

Philippe Barril, Technip EVP and COO Onshore/Offshore, stated: “Technip is
proud of the confidence shown by Total E&P Norge and its partners. This
strategic contract is the third offshore project awarded to the Group in the
North Sea this year. It confirms the return of Technip on this market, as an
engineering, procurement and construction leader on large and complex
projects. This is also the continuation of a long and successful relationship
with our partner SHI”.

* The Martin Linge development will consist on a production fixed platform, a
floating storage offloading vessel, 50MW AC electric power from shore through
a 160-kilometer subsea cable, a 24’’ gas export pipeline and an offshore
control center in Stavanger.

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for the energy industry.

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Offshore and Onshore infrastructures, our 32,000 people are constantly
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Contact:

Technip
Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
or
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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