Technip Wins Two Contracts for Ultra-Deep Water Fields and Helps Petrobras
Push Back Subsea Frontiers
PARIS -- January 6, 2014
Regulatory News :
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Petrobras
two ultra-deep water contracts for the supply of flexible pipes for the
Sapinhoá Norte field and I5 at Lula field (former Tupi field), located in the
Santos Basin pre-salt area (Brazil), at a water depth of up to 2,500 meters.
The combination of both contracts covers the supply of approximately 100
kilometers of flexible pipes for oil production, gas lift, and gas injection.
It also includes related equipment for the pre-salt area, to be installed on
the floating production storage and offloading (FPSO) units, Cidade de Angra
dos Reis and Cidade de Ilhabela.
The gas injection top risers are designed for high internal pressure, using
the Teta profile^(1) developed by Technip’s R&D team in its Flexi France plant
in Le Trait (France). The gas injection top riser, together with the majority
of the scope above, will be manufactured in Flexibras Açu^(2), starting
production in the first quarter of 2014 in line with previously announced
plans. The remaining scope will be manufactured in Flexibras Vitória.
Technip’s operating center in Rio de Janeiro (Brazil) will perform the
engineering and project management.
Frédéric Delormel, Technip’s Executive Vice President and Chief Operating
Officer Subsea, stated: “Developing a pre-salt field means bigger challenges
and requires strong innovation. At Technip, we strive to ensure this
technological excellence and continually improve high reliability, generating
value for the energy industry. In addition to our know-how, we are uniquely
positioned with vertically-integrated activities, from the manufacturing to
the installation of flexible pipes. Keeping strong focus on quality, we look
at the future and are preparing for tomorrow, today, as reflected in our
intense R&D efforts or in our new plant in Açu.”
^(1) Teta wire: wire with a specific, patented, T-shape used in flexible pipe
to resist the radial effect of the internal pressure. Used for high pressure
and harsh environments.
^(2) The Açu plant is Technip’s new flexible pipe manufacturing plant in
Brazil. This high-end facility will deliver a full range of advanced flexible
pipe products. Together with Technip’s plant in Vitória, its logistics bases
in Macaé and Angra, as well as its operating center in Rio de Janeiro, it will
help the Group expand Brazil’s national content and its business capabilities
to answer the pre-salt market requirements.
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).
Christophe Bélorgeot Tel. +33 (0) 1 47 78 39 92
Investor and Analyst Relations
Kimberly Stewart Tel.+33 (0) 1 47 7866 74
David Tadbir Tel. +33 (0)1 40 90 19 04
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