Technip Awarded Important Contract by Statoil for Subsea Project Related to the Edvard Grieg Field

  Technip Awarded Important Contract by Statoil for Subsea Project Related to
  the Edvard Grieg Field

Business Wire

PARIS -- November 15, 2013

Regulatory News :

Statoil has made a call-off for the framework contract Technip (Paris:TEC)
(ISIN:FR0000131708) (ADR:TKPPY) has with Statoil for diving services. The work
will be performed in connection with the future Edvard Grieg Oil Pipeline as
well as Utsira high gas pipeline.

The project will help connect the oil pipeline from the Edvard Grieg platform
to the existing Grane oil export pipeline, towards the Sture terminal.
Moreover, the Utsira high gas pipeline will be connected from the Edvard Grieg
platform to the Scottish Area Gas Evacuation (SAGE) pipeline.

Technip’s operating center in Stavanger, Norway will execute the project
together with the Group’s operating center in Haugesund, Norway, which will be
in charge of preparing and operating the Pipeline Repair System (PRS)*
equipment. The contract is scheduled to be completed in the second half of
2015. The offshore campaigns will happen in 2013, 2014 and 2015 and will
utilize state-of-the-art diving support and construction vessels from
Technip’s fleet.

Odd Strømsnes, Managing Director of Technip in Norway, states: "Technip has a
leading position as contractor for diving operations and hyperbaric welding in
the North Sea. This will be the 6th and the 7th weld performed by Technip
using welding habitat and equipment from the Statoil PRS pool."

                                     ____

* Pipeline Repair System: this system comprises a wide range of equipment for
pipeline repair, both manned and remotely operated, including welding
machines, installation structures or pipeline retrieval tools.

                                      °

                                     ° °

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 38,500 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
or
David Tadbir, Tel. +33 (0)1 40 90 19 04
E-mail: dtadbir@technip.com
or
Website http://www.technip.com
 
Press spacebar to pause and continue. Press esc to stop.