Technip Will Perform Turnkey Contract for Qatar Petroleum’s FMB Offshore Project

  Technip Will Perform Turnkey Contract for Qatar Petroleum’s FMB Offshore

Business Wire

PARIS -- October 21, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Qatar
Petroleum an engineering, procurement, installation and commissioning contract
for a strategically important* Offshore Project comprising a living quarter
platform and an utility platform, with a bridge connecting the two platforms.
The project location is within QP offshore facilities.

Technip will be responsible for the execution of the entire Project. The
topsides for both platforms will be installed using the floatover technology,
which Technip pioneered. This installation method enables large integrated
topsides to be installed, thereby minimizing offshore hook-up and
commissioning, without the use of large crane vessels.

Technip’s operating center in Abu Dhabi, United Arab Emirates, with the
support from the Group’s operating centers in Paris, France and Doha, Qatar
will execute the project.

Vaseem Khan, Senior Vice President of Technip in the Middle East, declared:
“This contract reflects the growing interest for the floatover technology, by
allowing a safe project execution in a time and cost-effective way while
overcoming heavy-lift challenges. With this strategic project, we have the
opportunity to further consolidate our presence in Qatar and to strengthen our
relationship with Qatar Petroleum. It will also help us establish Technip as a
leading Company in the region for executing offshore living quarter platform


^* For Technip, an “important” offshore contract is ranging from €100 to €250


                                     ° °

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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