Technip awarded major flexible pipe supply contract for the pre-salt Iracema Sul field in Brazil

  Technip awarded major flexible pipe supply contract for the pre-salt Iracema
  Sul field in Brazil

Business Wire

PARIS -- June 19, 2013

RegulatoryNews:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by  Petrobras
a major contract^(1) for the supply of flexible pipes for the Iracema Sul
(former Cernambi Sul) field, located in the Santos Basin pre-salt area,
Brazil, at a water depth of up to 2,500 meters.

The contract covers the qualification and supply of up to 250 kilometers of
flexible pipes for oil production, gas lift, water and gas injection as well
as related equipment for the pre-salt area to be installed on the floating
production storage and offloading (FPSO) unit Cidade de Mangaratiba. The
highly technological flexible pipes are designed to meet Petrobras’ requested
service life.  Gas injection pipes are designed for high internal pressure,
using the Teta profile^(2) developed by Technip’s R&D team in its Flexi France
plant in Le Trait, France.

Technip’s operating center in Rio de Janeiro, Brazil, will perform the
engineering and project management. The flexible pipes will mainly be
fabricated at Technip's existing manufacturing plant in Vitória, with some
specifications also being produced at the new manufacturing plant at Açu^(3),
Brazil. The first delivery is scheduled for the first half of 2014.

Frédéric Delormel, Technip’s Executive Vice President and Chief Operating
Officer Subsea, stated: “Technip is honored to participate in such an
important and challenging development for Petrobras and for Brazil. Thanks to
the collaboration of our R&D teams notably in Brazil and France, we are at the
forefront of frontier projects and this contract confirms the suitability of
flexible pipes for high-pressure and corrosive fluids requirements found in
ultra deepwater pre-salt conditions and also reinforces Technip’s leading
position in the buoyant Brazilian subsea market, where we have been present
for more than 35 years.”

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^(1) For Technip, a major “subsea” contract is above €500 million.

^(2) Teta wire: wire with a specific, patented, T-shape used in flexible pipe
to resist the radial effect of the internal pressure. Used for high pressure
and harsh environments.

^(3) The Açu plant is Technip’s new flexible pipe manufacturing plant in
Brazil, currently under construction. It is a high-end facility that will
deliver a full range of advanced flexible pipe products. Together with our
plant in Vitória, our logistics bases in Macaé and Angra and our operating
center in Rio de Janeiro, it will help us expand Brazil’s national content and
our business capabilities to answer the pre-salt market requirements.

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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, +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
http://www.technip.com