Technip Awarded Contract for the P-76 FPSO in Brazil

  Technip Awarded Contract for the P-76 FPSO in Brazil

Business Wire

PARIS -- April 17, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708), leader of a 50/50 consortium with
Techint, was awarded by PNBV^(1) a substantial^(2) contract for the topside
construction and integration, the commissioning and start up assistance of the
P-76 floating production storage and offloading (FPSO) unit. Located in the
Santos Basin pre-salt area offshore Rio de Janeiro, Brazil, this unit will
produce 180,000 barrels of oil and 7 million cubic meters per day of gas.

Technip’s operating center in Rio de Janeiro will perform the project
management, engineering and procurement. The 24,000-ton modules fabrication,
integration and commissioning will be performed in Techint’s yard, in the
South of Brazil. The project is scheduled to be completed by mid-2017.

José Jorge Araújo, Technip’s Senior Vice President Onshore Latin America and
Offshore Brazil, declared: “We are delighted to have the opportunity to keep
working with Petrobras. This contract strengthens furthermore our presence in
the burgeoning Brazilian offshore pre-salt market, where our leading-edge
position enables us to meet its high standards and requirements. We fully
expect that our partnership with Techint will be a key to the success of the
P-76 FPSO. Moreover, this project will contribute to the local economy as it
will require approximately 70% of Brazilian local content.”


^(1) PNBV is an integral subsidiary of Petrobras S.A.

^(2) For Technip, a “substantial” offshore contract is ranging from €250 to
€500 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.

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over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).


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