Technip Awarded Subsea Contract for the Gullfaks Field in Norway

  Technip Awarded Subsea Contract for the Gullfaks Field in Norway

Business Wire

PARIS -- May 07, 2013

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Statoil a
contract for the removal and replacement of the two oil-loading systems at the
Gullfaks field. This field is located in the North Sea, offshore Norway, at a
water depth of approximately 130 meters.

The contract covers the engineering, preparation and removal of the existing
system, installation of the new systems, towing and handover to a disposal
contractor of the existing Gullfaks loading system.

Technip’s operating center in Stavanger, Norway will execute the contract,
which is scheduled for completion in the second semester of 2014. The offshore
construction campaign will use Technip’s diving support vessels, the Skandi
Arctic and the Wellservicer. Divers will assist the offshore construction

This contract follows the award in 2012 by Statoil of a contract for the
fabrication and installation of flowlines* for the Gullfaks South field
development, and confirms Technip’s position as a leading contractor in the
North Sea.


* 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 meters to several kilometers.


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Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, Tel. +33 (0) 1 47 78 32 79
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
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