Technip Awarded Substantial Subsea Contract for the Delta House Project, in the Gulf of Mexico

  Technip Awarded Substantial Subsea Contract for the Delta House Project, in
  the Gulf of Mexico

Business Wire

PARIS -- October 14, 2013


Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by LLOG
Exploration Offshore L.L.C. a substantial^(1) contract for the development of
the Delta House field, located in the Mississippi Canyon area of the US Gulf
of Mexico.

This contract covers the project management, engineering, fabrication,
installation and pre-commissioning of more than 200 kilometers of infield and
export flowlines^(2) and risers^(3). The water depth of this development is
comprised between approximately 100 and 2,000 meters (between approximately
360 and 6,500 feet).

Technip's operating center in Houston, Texas will perform the overall project
management. The infield flowlines and risers will be welded at the Group’s
spoolbase in Mobile, Alabama. The offshore installation is expected to be
performed in the second half of 2014 by vessels from Technip’s fleet: the Deep
Blue will lay the deepwater infield lines while the G1200 construction vessel
will install the export flowlines.

Frédéric Delormel, Technip’s Executive Vice President and Chief Operating
Officer Subsea, has declared: “This new project reinforces our leadership in
the US Gulf of Mexico deepwater market. It also confirms our positioning in
deep to shallow export lines, following the acquisition of Global Industries.”


^(1) For Technip, a “substantial” subsea contract is ranging from €100 to €250

^(2) Flowline: a flexible or rigid 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.

^(3) 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.


                                     ° °

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).


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