Technip Signed a Frame Agreement with Petrobras for Offshore Projects Modifications Services in Brazil

  Technip Signed a Frame Agreement with Petrobras for Offshore Projects
  Modifications Services in Brazil

Business Wire

PARIS -- September 3, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has signed a four-year
frame agreement with Petrobras for projects modifications services for the Rio
de Janeiro Operations Unit (UO-RIO)*, including existing offshore platforms
located in the Campos Basin area, Brazil.

The services comprise basic and detailed design, documentation update,
engineering consulting, planning, control and execution supplies for 13
offshore platforms. Technip was previously awarded contracts on some of these
projects, most notably designing and constructing the topsides of three of
Petrobras’ deepwater production semis – P-51, P-52 and P-56 – the largest
topsides floatovers onto semi hulls in the world.

Technip’s operating center in Rio de Janeiro will carry out the project
management, engineering and procurement. Services will be performed upon
client request.

Jose Jorge Araujo, Technip’s Senior Vice President of Onshore Latin America &
Offshore Brazil, stated: “This award reasserts Technip in Brazil’s
competitiveness as a top-class services provider and reinforces our long-term
commitment to Petrobras’ key projects.”


* The Rio de Janeiro Exploration and Production Operations Unit (UO-RIO) was
created on November 1, 2000, from the restructuring of Petrobras' Exploration
and Production business segment. It currently manages six concessions located
in deep and ultra-deep Campos Basin waters, where the Albacora Leste,
Barracuda, Caratinga, Marlim Leste, Marlim Sul, and Roncador fields are
located. UO-RIO currently operates 15 offshore platforms, becoming the
Petrobras' biggest production unit regarding oil and gas output. Two new
platforms, P-55 and P-62, have startup foreseen in 2013 and 2014,


                                     ° °

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).


Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Investor and Analyst Relations
Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
David Tadbir, Tel. +33 (0)1 40 90 19 04
Find us on Facebook, Twitter
Press spacebar to pause and continue. Press esc to stop.