Technip Awarded Important Subsea Contract by Shell for the Malikai Project

  Technip Awarded Important Subsea Contract by Shell for the Malikai Project

Business Wire

PARIS -- February 15, 2013

Regulatory News:

Technip (Paris:TEC)was awarded by Sabah Shell Petroleum Company Ltd (SSPC) an
important subsea pipelines contract^(1) for the Malikai Deepwater project,
located offshore Sabah, at a water depth of approximately 650 meters.

The contract includes transportation, installation and pre-commissioning of a
8” 50-kilometer gas pipeline and a 10” 55-kilometer liquid pipeline including
steel catenary risers^(2). The pipelines stretch from the Malikai tension leg
platform site to the Kebabangan platform.

Technip’s operating centers in Kuala Lumpur, Malaysia and Singapore will
execute the contract, which is scheduled to be completed by the second
semester of 2015. Offshore installation will be carried out by Technip’s
flagship S-Lay vessel, the G1201.

Hallvard Hasselknippe, Chief Operating Officer Subsea at Technip in Asia
Pacific commented: “This contract confirms our strength in the promising
subsea business in Asia Pacific. As the second contract awarded to Technip in
relation to the Malikai Deepwater Development project, after the EPC^(3) of
the tension leg platform, it is a reflection of Shell’s continuing confidence
in Technip’s expertise and work.”


^(1) For Technip, an “important” subsea contract is ranging from €50 to €100

^(2) Riser: a pipe or assembly of pipes used to transfer produced fluids from
the seabed to the surface facilities or to transfer injection fluids, control
fluids or lift gas from the surface facilities and the seabed.

^(3) Engineering, Procurement and Construction.

                                     ° °

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 36,500 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).


Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 7866 74
Chuan Wang, +33 (0) 1 47 7836 27
Press spacebar to pause and continue. Press esc to stop.