Technip Awarded Contract for the Development of the Umm Lulu Field in Abu Dhabi

  Technip Awarded Contract for the Development of the Umm Lulu Field in Abu
  Dhabi

Business Wire

PARIS -- August 29, 2013

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY), in a consortium led by
National Petroleum Construction Company (NPCC), has been awarded by Abu Dhabi
Marine Operating Company (ADMA-OPCO) the contract for the engineering,
procurement and construction (EPC) work of Umm Lulu Full Field Development
project – Package 2 (Process Facilities).

The contract, with an approximate value of US dollars 1.69 billion (Technip
share: about 35%), was awarded at the conclusion of a competitive bidding
process in which a number of EPC contractors participated.

The contract’s scope of work consists of the detailed engineering,
procurement, fabrication, offshore installation, commissioning and start-up of
a large offshore super complex comprising of six bridge linked platforms
including gathering, separation, gas treatment and water disposal facilities,
utilities and accommodation modules, totaling over 66,000 metric tons (with
associated jackets, flares, bridges and subsea composite cables). The
platforms will be installed by the floatover method developed by Technip,
which allows a high proportion of the hook-up and pre-commissioning work to be
completed onshore prior to load-out, and thereby significantly reduces both
the duration and cost of the offshore commissioning phase.

Technip will be responsible for the engineering of the project and will share
the procurement and commissioning works with NPCC. NPCC will be responsible
for the fabrication and installation of the facilities. The project is
scheduled to be completed in the first half of 2018.

Vaseem Khan, Senior Vice President of Technip in the Middle East, declared:
“This award confirms our world leading position in offshore engineering as
well as floatover operations and strengthens our continuous involvement in
major offshore projects in the UAE, where we have been present for more than
30 years. We are proud to contribute to ADMA-OPCO’s offshore complex as it
will be the largest in the region.”

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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 38,000 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 traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).

Contact:

Technip
Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
E-mail: press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
E-mail: kstewart@technip.com
David Tadbir, Tel. +33 (0)1 40 90 19 04
E-mail: dtadbir@technip.com
or
Website http://www.technip.com
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