Technip Awarded Contract in Brunei, Reinforcing Its Presence in the Country

  Technip Awarded Contract in Brunei, Reinforcing Its Presence in the Country

Business Wire

PARIS -- February 28, 2014

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a
significant^(1) contract by Total E&P Borneo B.V., covering engineering,
procurement, supply, construction and commissioning (EPSCC). This project aims
at the modification of the onshore facilities as well as the construction of a
new onshore pipeline, in order to transport Maharaja Lela & Jamalulalam South
(MLJS) gas to the Brunei Liquefied Natural Gas (BLNG) plant.

The onshore modification work includes:

  *de-bottlenecking of the processing plant to enable handling up to 5
    million cubic meters per day (annual average) from the greater MLJ field,
  *associated assistance in start-up and performance test.

Technip’s operating center in Kuala Lumpur, Malaysia will execute the contract
with support from the office of the Group based in Brunei. The project is
scheduled for completion in the second half of 2015.

Lim Kwee Keong, Senior Vice President of Technip in Asia Pacific, stated:
“Following the front-end engineering design that we have completed in 2012,
Technip was keen on undertaking the EPSCC contract. Vital for the brownfield
tie-in of the MLJS project, our familiarity with the onshore facilities has
made the difference and gave us leverage in this much sought-after
development.”

^(1) For Technip, a “significant” onshore contract is ranging from €50 to €100
million.

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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 40,000 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 ADR is
traded in the US on the OTCQX marketplace as an American Depositary Receipt
(OTCQX: TKPPY).

Contact:

Public Relations
Floriane Lassale-Massip:+33 (0) 1 47 78 79 32
press@technip.com
Laure Montcel: +33 (0) 1 49 01 87 81
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart:+33 (0) 1 47 7866 74
kstewart@technip.com
http://www.technip.com
 
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