Technip Awarded Four Contracts for Life of Field Services in the North Sea

  Technip Awarded Four Contracts for Life of Field Services in the North Sea

Business Wire

PARIS -- December 19, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded four contracts
by Shell UK, Fairfield Energy, Ithaca Energy and TAQA during 2013. As the
longevity of fields represents a key challenge for the energy industry,
Technip aims to deliver a suite of subsea maintenance services including
inspection, repair, maintenance, decommissioning, asset integrity management
as well as brownfield construction.

More specifically, Technip has delivered, or is in the process of delivering,
the following scopes of work:

  *Diving operations to prepare for decommissioning of the Shell Delta Brent
    facilities, under a newly-awarded framework agreement to support its UK
    and Norway assets,
  *Intelligent pigging operations for Fairfield Energy’s Merlin field
    development (Completed September/October 2013),
  *Light construction work for Ithaca Energy on the Causeway field,
  *Conductor Centraliser maintenance services for TAQA’s Harding field.

Technip’s operating center in Aberdeen, United Kingdom, is managing the
projects, scheduled for completion by the end of January 2014. The specialized
work scopes, which equate to around 75 vessel days, have utilized the Group’s
diving support vessels, including the Orelia, Skandi Arctic and Skandi
Achiever.

Steve Beddows, Business Manager of Life of Field Services (LOFS) at Technip,
comments: “We provide our clients with a complete range of life of field
services with each scope demanding a specific set of core skills and
expertise. We are keen to assist operators as they look to prolong the
longevity of their fields in the UK Continental Shelf and beyond. The LOFS
market is growing apace and these new awards underpin our capabilities in this
area.”

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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).

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
David Tadbir, Tel. +33 (0)1 40 90 19 04
E-mail: dtadbir@technip.com
or
Website
http://www.technip.com
 
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