Technip Awarded Contract for the Extension of Subsea Infrastructure on the Alvheim Field in the North Sea

  Technip Awarded Contract for the Extension of Subsea Infrastructure on the
  Alvheim Field in the North Sea

Business Wire

PARIS -- May 13, 2014

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded by Marathon
Oil Norge a contract for the extension of subsea infrastructure on the Alvheim
field, located on the Norwegian Continental Shelf. The scope of work includes
installation engineering, procurement, fabrication, installation and tie-in of
spools^(1) and protection covers as well as installation of one manifold^(2).
The subsea operations will mainly be performed with divers at a water-depth of
approximately 120 meters in this area.

Technip’s operating center in Stavanger, Norway, will administrate and execute
the project, which is scheduled to be completed in the first half of 2016. The
offshore campaigns will take place in 2014, 2015 and 2016, and will utilize
Technip’s state-of-the-art diving support vessel Skandi Arctic, capable of
working efficiently through winter in both construction and diving mode,
suitable for this extension project.

Odd Strømsnes, Managing Director at Technip in Norway, explains: "This award
confirms our leading position as contractor for diving operations in the North
Sea. This project will be the second one awarded to Technip for the extension
of the existing infrastructure on the Alvheim field, the first one having been
executed in 2012 and 2013. We are looking forward to continuing and
consolidating our collaboration with Marathon through this project.”

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^(1) Spool: short length pipe connecting a subsea pipeline and a riser, or a
pipe and a subsea structure.

^(2) Manifold: a piece of pipe with several lateral outlets and/or inlets for
connecting one pipe with others.

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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 traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).

Contact:

Technip
Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Laure Montcel, Tel. +33 (0) 1 49 01 87 81
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
Website http://www.technip.com
 
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