Technip Awarded Umbilical Supply Contract for the Egina Field in Nigeria

  Technip Awarded Umbilical Supply Contract for the Egina Field in Nigeria

Business Wire

PARIS -- July 4, 2013

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) announces that its
wholly-owned subsidiary DUCO Ltd was awarded an important contract^(1) by
Total Upstream Nigeria Ltd to supply umbilicals^(2) to the Egina field
offshore Nigeria. This field is situated within the Oil Mining Lease 130,
approximately 200 kilometers from Port Harcourt, at water depths ranging from
1,150 to 1,750 meters.

The contract covers Project Management, Engineering and Manufacture of about
76 kilometers of steel tube umbilicals including production, water injection
and subsea isolation valve (SSIV) umbilicals.

As part of project execution activities, significant amounts of project
management (80%) and engineering (30%) will be carried out locally in Nigeria.
The umbilicals will be manufactured in their entirety at DUCO’s facility in
Newcastle upon Tyne, United Kingdom. The project is scheduled for delivery in
2016.

Jean-Louis Rostaing, Managing Director of DUCO, declared: “This award is
recognition of the quality and performance of the umbilicals provided by
Technip as well as our ability to continuously innovate to better answer our
clients’ needs. We are proud to have been awarded this contract, notably
thanks to our strong relationship with the client and our ability to
contribute to Nigerian content development.”

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

^(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).

For more information about DUCO Ltd, please visit:
http://www.youtube.com/watch?v=hU7Y92_MZHI

Contact:

Technip
Public Relations
Christophe Bélorgeot Tel. +33 (0) 1 47 78 39 92
or
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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