Technip awarded FEED contract in Basra, Iraq

  Technip awarded FEED contract in Basra, Iraq

Business Wire

PARIS -- April 10, 2014

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY), in partnership with China
HuanQiu Contracting & Engineering Corporation (HQC), was awarded by Basra Gas
Company (BGC*), a front-end engineering design (FEED) contract for Ar Ratawi
Natural Gas Liquids (NGL) train1 project at North Rumaila in Basra Province,
Iraq.

The project is the first of the new greenfield associated gas processing
facilities that will significantly minimize gas flaring in Iraq and make more
energy resources available for power and domestic use– an NGL train with
nominal feed gas capacity of 530 million standard cubic feet per day. The
standalone facilities will produce liquefied petroleum gas (LPG), NGL and
condensate for domestic markets.

The scope of work covers the basic engineering design package of the NGL
process units, utilities and the submission of an engineering procurement and
construction (EPC) package.

Technip’s operating center in Abu Dhabi will execute the project, scheduled to
be completed by the end of 2014.

Vaseem Khan, President of Technip in the Middle East, declared: “This award
reflects Technip’s strengthened position in the Middle-East market, following
several previous awards. We are proud to bring our specific technological edge
and licensed innovative solutions to the downstream industry, while leveraging
our 30 years presence in the region.”

* BGC is a joint venture between the Iraq South Gas Company (51%), Shell (44%)
and Mitsubishi (5%)

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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
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installation and subsea construction.

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(OTCQX: TKPPY).

Contact:

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