The Deep Energy, Technip’s New State-of-the-Art Pipelay Vessel

  The Deep Energy, Technip’s New State-of-the-Art Pipelay Vessel

Business Wire

PARIS -- May 6, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) officially named its
latest new state-of-the art pipelay vessel on Friday at Florø, Norway.During
the ceremony held at Westcon’s Yard, the Deep Energy was named by the vessel's
godmother, Patricia Pilenko, wife of Thierry Pilenko, Technip’s Chairman and
Chief Executive Officer.

Technip, Westcon and their suppliers have worked in close cooperation since
the Deep Energy's arrival in Florø, in October 2011, and sea trials have
recently been successfully completed after final outfitting and commissioning.

The Deep Energy is the fastest and one of the largest and most capable pipelay
vessels ever built in our industry. She supports subsea developments in
shallow to ultra-deep waters of up to 3,000 meters.Specifically designed to
operate in the North Sea, the Atlantic basin and intercontinental projects,
her service speed of 19.5 knots enables fast transit between work sites,
increasing vessel availability for clients.

The Deep Energy is a DP class 3 vessel primarily designed to handle subsea
installation of reeled rigid pipe of up to 18” outer diameter. She has a
normal operating dynamic top tension of 450 tons and is equipped with a highly
efficient PLET^(1) handling system. She is also capable of installing flexible
products, umbilicals^(2), steel tube umbilicals and a variety of mid-line and
end structures.

Thierry Pilenko, Technip’s Chairman and Chief Executive Officer, commented:
"The Deep Energy follows in the proud tradition of Technip's industry leading
vessels, the Deep Blue and the Apache II. Technip is proud to introduce
another valuable asset to its fleet as the performance of this new pipelay
vessel will add further capabilities to the wide integrated range of services
we already offer our clients and their projects."

Gustav Johan Nydal, Westcon’s Managing Director, declared: “We are delighted
to announce that the Deep Energy is ready for delivery. Together with our
suppliers and thanks to a good cooperation with Technip, our shipyard has
succeeded in completing one of the most advanced pipe laying vessels in the
world. This achievement proves Westcon Shipyard Florø’s capabilities and
distinguishes Westcon in delivering special purpose vessel with sophisticated
design.”

                                     ____

^(1) PLET: pipeline end termination, subsea structure to connect rigid
flowline and flexible riser.

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

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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 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:

Technip
Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, Tel. +33 (0) 1 47 78 32 79
E-mail: press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
E-mail: kstewart@technip.com
or
Website
http://www.technip.com
 
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