Technip Awarded Flexible Pipe Supply Contract in Norway, for Statoil

  Technip Awarded Flexible Pipe Supply Contract in Norway, for Statoil

Business Wire

PARIS -- September 24, 2013

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Statoil a
contract to fabricate and supply flexible risers^(1) for several fields on the
Norwegian Continental Shelf. The contract^(2) also includes options for
further risers and flowlines^(3). These flexible pipes will be used to renew
the flexible pipe based infrastructure on Statoil’s operated fields.

Technip’s operating center in Oslo, Norway, will execute this contract which
is scheduled to be completed in 2014-2016 and options in 2017. Flexi France,
the Group’s facility located in Le Trait, France, will manufacture the
flexible risers.

Odd Strømsnes, Managing Director of Technip in Norway, comments: "With this
contract, Statoil has renewed its trust in Technip to deliver high-quality
flexible products using the latest developments in high-technology materials."


^(1) Riser: a pipe or assembly of pipes used to transfer produced fluids from
the seabed to the surface facilities or to transfer injection fluids, control
fluids or lift gas from the surface facilities and the seabed.

^(2) The contract covers more specifically the:

  *fabrication of 10 flexible risers,
  *supply of flexible riser ancillaries,
  *options for the supply of an additional 15 risers,
  *options for flexible jumpers and flowlines.

^(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 meters to several kilometers


                                     ° °

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