Technip awarded a contract by Shell for the Gannet field in the North Sea

  Technip awarded a contract by Shell for the Gannet field in the North Sea

Business Wire

PARIS -- February 6, 2013

RegulatoryNews:

Technip (Paris:TEC) (ISIN:FR0000131708) was awarded by Shell U.K. Limited an
engineering, procurement, installation and construction contract for the
Gannet F Reinstatement project, located in the North Sea, 180 kilometers east
of Aberdeen, at a water depth of 95 meters.

The contract concerns the replacement of the Gannet F flowline^(1) at the
Gannet Alpha Platform and covers the:

  *fabrication and pipelay of an 11.8 kilometre pipe-in-pipe,
  *installation of a 4.5” gas lift pipeline,
  *trenching and installation of an 11.9 kilometer umbilical^(2).

Technip’s operating center in Aberdeen, Scotland will execute the contract,
which is scheduled to be completed in the second semester of 2013. The Group’s
spoolbase in Evanton, Scotland, will fabricate the pipe-in-pipe and DUCO
Limited, Technip’s wholly-owned subsidiary in Newcastle, England, will
manufacture the umbilical. Technip’s pipelay vessel, Apache II, will be used
for the offshore campaign.

Bill Morrice, Managing Director of Technip in the United Kingdom, said: “We
are delighted to have been awarded this contract which strengthens our
relationship with Shell U.K. Limited. Our vast experience in providing
cost-effective and efficient pipe-in-pipe solutions for our clients will help
us execute this project safely and effectively. We look forward to supporting
Shell to maximize production from the Gannet field.”

                                    _____

^(1) Flowline: A flexible or rigid pipe, laid on the seabed, which allows the
transportation of oil/gas production or injection of fluids. Its length can
vary from a few hundred metres to several kilometres.

^(2) Umbilical: An assembly of steel tubes and/or thermoplastic hoses which
can also include electrical cables or optic fibres used to control subsea
structures from a platform or a vessel.

                                      °

                                     ° °

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
 
Press spacebar to pause and continue. Press esc to stop.