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Technip awarded subsea contract for the Snøhvit CO2 project in Norway



  Technip awarded subsea contract for the Snøhvit CO2 project in Norway

Business Wire

PARIS -- June 26, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Statoil ASA
an important^(1) lump sum contract for pipelay and subsea installations for
the Snøhvit CO[2 ]Solution project. The Snøhvit field is located approximately
140 kilometers north-west of Hammerfest in Norway, in the Arctic Circle, and
has been in operation since 2007, following the successful installation of the
subsea infrastructure by Technip.

The production of natural gas of this field is based on CO[2  ]being separated
at the Melkøya onshore plant and re-injected into the field. The Snøhvit
project development will establish an additional well at a new CO[2] injection
template^(2) as well as prepare for gas production from existing templates.

This contract covers:

  * fabrication and installation of flowlines^(3), including two 5-kilometer
    13% chrome stainless steel production flowline and a 5-kilometer CO[2]
    injection flowline,
  * installation and tie-ins of spools, jumpers and umbilicals^(4),
  * installation of a new combined production and injection template and
    manifold^(5).

It will be executed by Technip’s operating center in Oslo, Norway. The
flowline will be welded at Technip’s spoolbase in Orkanger, Norway, while
installation will be performed by the Apache II in the first half of 2015.
Installation of the associated umbilicals, template, manifold, spools and
other subsea equipment will be performed by vessels from Technip’s fleet.

Odd Strømsnes, Managing Director of Technip in Norway, stated: "This award
confirms Technip's leading position as the contractor of choice for marine
installation projects in the Arctic. It also demonstrates our unique abilities
when it comes to the fabrication and complex reeling of larger diameter
stainless steel flowlines."

^(1) For Technip, an “important” subsea contract is ranging from €50 to 100
million.

^(2) Template: a steel protection structure with integrated manifolds and
wellheads

^(3) Flowline: a 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 metres to several kilometers

^(4) Umbilical: an assembly of thermoplastic and steel tube hoses which can
also include electrical cables or optic fibres used to control subsea
structures from a platform or a vessel

^(5) Manifold: a piece of pipe with several lateral outlets and/or inlets for
connecting one pipe with others.

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
Investor and Analyst Relations:
Kimberly Stewart
Tel. +33 (0) 1 47 78 66 74
E-mail: kstewart@technip.com
Website:
http://www.technip.com
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