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Technip - News - July 8, 2005


Technip has been awarded two contracts by Statoil for subsea services in the Norwegian part of the North Sea.

* The first contract includes diving, pipeline repair, contingency and modification services in Norway. Its total value is estimated to be €515 million (NOK 4 billion) including options. The actual value will depend upon the client’s subsea requirements.
A new Technip office in Stavanger (Norway) will carry out the main project management and engineering works related to contingency for pipeline repair work, planned maintenance, modification and subsea installation using manned or remote operated methods.

* The second contract, valued at around €52 million (NOK 400 million), options included, comprises maintenance and preparation of equipment utilized for pipeline repair services.
The contract will be carried out by a consortium (60%/40% respectively) between Technip’s affiliate in Oslo (Norway) and DeepOcean from Killingøy Offshore Base in Haugesund (Norway).

Both contracts go into effect on January 1, 2007 and last for 5 years, with options for 3 one-year extensions.

* * *

With a workforce of about 19,000 persons, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group’s main engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.

Public Relations:
Laurence Bricq
Ph.: +33 (0) 1 47 78 26 37
Fax: +33 (0) 1 47 78 24 33

Marina Toncelli
Ph.: +33 (0) 1 47 78 66 69
Fax: +33 (0) 1 47 78 24 33

Investor and Analyst Relations:
G. Christopher Welton
Ph.: +33 (0) 1 47 78 66 74
Fax: +33 (0) 1 47 78 67 58

Xavier d’Ouince
Ph.: +33 (0) 1 47 78 25 75
Fax: +33 (0) 1 47 78 67 58


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