Press Releases - Contracts


Paris, February 13, 2004

3 contracts awarded to Technip in the North Sea

Technip, through its UK affiliate Technip Offshore UK Limited, has been awarded three contracts for key developments in the UK North Sea that represent a total value of over £35 million (€50 million).

These contracts respectively concern:

  • the Pierce field, operated by Shell,
  • the Stirling field, operated by Eni,
  • the Rhum field, operated by BP.

The Shell Pierce project award involves the engineering, procurement, installation and commissioning of a dynamic water injection riser, water injection riser base, two water injection flowlines and two water injection manifolds. Co-venturers with Shell in this project are Nippon Oil Exploration Limited and Oranje-Nassau (U.K.) Limited.

The Eni Stirling project involves the design, manufacture and installation of two flexible flowlines, installation of a free issue control umbilical and the design, fabrication and installation of a wellhead protection structure. Technip is also responsible for all associated tie-ins, precommissioning and testing.

The BP Rhum project is an engineering, procurement, installation and commissioning (EPIC) contract that involves the tie-back of new wells to an FPSO, including the installation of four steel tubed umbilicals, three infield 14”/8” Pipe in Pipe pipelines with a 2” piggy back pipeline and a 180T manifold.

Fabrication of the flexible flowlines required for the Shell Pierce and Eni Stirling projects will be undertaken by Flexi France, Technip’s French manufacturing facility at Le Trait.

Offshore operations for the three projects will be undertaken by several vessels of the group’s fleet and will commence on the Eni Stirling and Shell Pierce projects in the first half of 2004. The BP Rhum contract is scheduled to start in the first quarter of 2005.

 

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 United States, Brazil, Abu Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, and Finland as well as a world-class fleet of offshore construction vessels.

 

Technip Public Relations

Laurence Bricq: Ph. +33 (0) 1 47 78 26 37 Fax: +33 (0) 1 47 78 24 33 lbricq@technip.com

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

 

Technip Investor and Analyst Relations

Christopher Welton: Ph. +33 (0) 1 47 78 66 74 Fax: +33 (0) 1 47 78 67 58 cwelton@technip.com

David-Alexandre Guez: Ph. +33 (0) 1 47 78 27 85 Fax: +33 (0) 1 47 78 67 58 daguez@technip.com

 

Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.