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Technip Awarded a Five-Year Contract by BP Angola for Engineering and Modification Services



  Technip Awarded a Five-Year Contract by BP Angola for Engineering and
  Modification Services

Business Wire

PARIS -- February 20, 2013

Regulatory News:

Technip (Paris:TEC) was awarded by BP Angola an important five-year contract*
for engineering and modification services for the existing Greater Plutonio
and Plutao, Saturno, Venus and Marte (PSVM) floating production storage and
offloading (FPSO) units, located in Blocks 18 and 31 offshore Angola.

This contract follows the successful completion of a previous five-year
contract for engineering services for the Greater Plutonio FPSO. This new
award covers two FPSOs and involves not only engineering, but also procurement
and management of offshore and onshore construction activities.

Technip’s operating center in Luanda, Angola will carry out the contract,
which is scheduled for completion at the end of 2017.

Benoît Verdier, General Manager of Technip in Angola, stated: "We are pleased
to be awarded this new project by our long-term client, as it will open up
many additional opportunities in the Angolan marketplace. Thanks to this
contract from BP and its partners, with the approval of concessionaire
Sonangol, Technip in Angola is entrusted to deliver quality services. We will
help BP keep its operations safe, compliant with regulations in place and
reliable, while progressively strengthening Angola’s national content and
business capabilities.”

                                     ____

* For Technip, an “important” offshore contract is ranging from €100 to €250
million.

                                      °
                                     ° °

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).

Contact:

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
or
Website
http://www.technip.com
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