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Technip Awarded a Contract for the Norne Field in Norway



  Technip Awarded a Contract for the Norne Field in Norway

Business Wire

PARIS -- May 14, 2013

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Statoil an
engineering, procurement, construction and installation lump-sum contract for
the Norne field development, located in the Norwegian Sea at a water depth of
approximately 380 meters.

The contract covers the:

  * engineering and fabrication of two flexible smoothbore gas export risers*,
  * marine operations to remove one existing roughbore riser connecting the
    Norne floating production storage and offloading (FPSO) unit with the gas
    export pipeline, and replace it with one of the new flexible smoothbore
    risers,
  * provision of the second flexible smoothbore gas export riser on a reel to
    Statoil as spare for future use.

Technip’s operating center in Oslo, Norway will execute the contract which is
scheduled for completion in the second half of 2014. Fabrication of the risers
will take place in the Group’s Flexi France plant in Le Trait, France.
Offshore installation will be notably executed with the Normand Progress, a
flexible pipelay vessel from Technip fleet.

Technip’s patented leading flexible smoothbore riser technology eliminates
noise and vibration issues, reduces pressure losses as well as need for
compression (being an overall benefit to the environment) and helps increase
the overall capacity of the system.

                                     ____

* Riser: a pipe or assembly of pipes used to transfer produced fluids from the
seabed to surface facilities.

                                      °

                                     ° °

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 78 66 74
E-mail: kstewart@technip.com
or
Website http://www.technip.com
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