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Technip, in a consortium with Afcons and TH Heavy Engineering, awarded offshore contract in India

  Technip, in a consortium with Afcons and TH Heavy Engineering, awarded
  offshore contract in India

Business Wire

PARIS -- February 4, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708), in a consortium with AFCONS
Infrastructure Ltd and TH Heavy Engineering Berhad, was awarded a contract by
Oil & Natural Gas Corporation Ltd (ONGC), worth approximately €220 million
(Technip share: about €50 million), for the Heera Redevelopment (HRD) process
platform project in the Arabian Sea, at approximately 70 kilometers South-West
of Mumbai, India.

The scope of work covers the:

  *engineering, procurement, fabrication, transportation, installation,
    hook-up and commissioning of the HRD process platform,
  *shifting of the existing cable in the seabed,
  *installation of a new bridge connecting the existing HRC process platform,
    the strengthening of the existing bridge and the modification on an
    existing HRC process platform to ensure interconnections between all the
    process lines and the utilities.

Technip’s operating center in Mumbai, India will execute the overall
engineering and procurement of tagged equipment of the project. The topsides
will be designed for the float-over installation using the Group’s proprietary
Unideck®^(1) integrated deck installation system with the support of Technip’s
operating center in Paris, France. The project is scheduled to be completed in
the first semester of 2015.

Samik Mukherjee, Country Manager and Vice President of Technip in India,
commented: “We are very proud that ONGC chose our consortium for this
important project. Technip is a world leader in float-over operations, for the
installation of large topside decks onto fixed or floating platforms. As such,
we will utilize our proprietary float-over installation technology for this
project. This award is the first offshore project on EPCIC^(2) basis for
Technip in India. It will also be one of the rare float-over installations in
the Indian Ocean.”

                                     ____

^(1) Unideck® floatover: installation method of an integrated production deck
(topsides) onto a fixed structure developed by Technip which permits
installation in difficult sea conditions (long period swells) using a system
of jacks to lower the topsides rapidly into place.

^(2) Engineering, procurement, construction, installation and commissioning.

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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: TKPPY).

Contact:

Technip
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 78 66 74
kstewart@technip.com
or
Chuan Wang, +33 (0) 1 47 78 36 27
chuwang@technip.com
http://www.technip.com
 
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