Technip Awarded Two Subsea Contracts for Maersk Oil in Denmark

  Technip Awarded Two Subsea Contracts for Maersk Oil in Denmark

Business Wire

PARIS -- June 24, 2014

Regulatory News :

Technip(Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded two contracts,
worth an important^(1) total value, by Maersk Oil for the Valdemar & Roar Gas
Lift project as well as the Rolf Replacement Pipeline project, located on the
Danish Continental Shelf, approximately 250 kilometers offshore Esbjerg,

The scope of work will include the:

  *fabrication and installation of two riser ^ caissons on the Valdemar and
    Roar platforms,
  *fabrication and installation of a 8” 18-kilometer flowline ^ between the
    Rolf A and Gorm E platforms,
  *pipeline trenching and protection operations,
  *fabrication and installation of 34 spools,
  *offshore commissioning.

Technip’s operating centre in Oslo, Norway, will execute the project. Vessels
from the Group fleet, including the Wellservicer, a diving and multi support
vessel, will perform the offshore installation in summer 2015. The flowline
will be fabricated at Technip’s spoolbase in Orkanger, Norway, and installed
by the Apache II, from Technip’s fleet. Fabrication of the caissons and spools
will be locally performed in Denmark.

Knut Boe, President North Sea Canada, stated: “We are looking forward to
managing these two projects, which combine our diving, construction and
pipelay capabilities, in the Danish subsea market.”


^(1) For Technip, an “important” subsea contract is ranging from €50 to €100

Fast Facts

About subsea products

  *Riser: a pipe or assembly of pipes used to transfer produced fluids and or
    products from the seabed to surface facilities, and transfer injection or
    control fluids from the surface facilities to the seabed.
  *Flowline: a pipe, laid on the seabed, which allows the transportation of
    oil/gas production or injection of fluids. Its length can vary from a few
    hundred meters to several kilometers.
  *Spool: short length pipe connecting a subsea pipeline and a riser, or a
    pipe and a subsea structure.


                                     ° °

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).


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Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
Laure Montcel, Tel. +33 (0) 1 49 01 87 81
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Kimberly Stewart, Tel.+33 (0) 1 47 7866 74
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