Press Releases - Contracts

Paris-La Défense, May 6, 2003

Contract award for the FPSO of the deepwater Dalia Oilfield in Angola

A joint venture made up of Technip-Coflexip as leader, Saipem and Stolt Offshore, in a consortium with Samsung H.I. and Daewoo SME, has been awarded, by TotalFinaElf E&P Angola, a lump sum turnkey contract worth about US $640 million, for the engineering, procurement and fabrication of the FPSO’s topsides of the Dalia oil field development, offshore Angola.

This project involves the integration of the 22,000-ton topsides on the hull to be supplied by Samsung H.I under a separate contract, which has been endorsed by the Consortium.

The Dalia field, operated by TotalFinaElf Angola E&P, is located in block 17 off Angola, in water depths of 1200 meters to 1500 meters.

The FPSO (Floating, Production, Storage and Offloading vessel) will be anchored in 1300 meters of water.

Dalia’s FPSO will produce 240,000 barrels per day of crude. It will have 400,000 bpd of total liquids handling capacity and a storage capacity of 2,000,000 barrels. It will include two processing trains to separate out gas and water and to heat the crude. This floater will be 300 meters long and 63 meters wide and will include a 120 bed-accommodation unit. First oil from Dalia is scheduled for mid 2006 .

 

With a workforce of about 19,000 persons around the world, Technip-Coflexip 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 (NYSE: TKP) and in Paris (Euronext: 13170). The main engineering and business centers of Technip-Coflexip 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-COFLEXIP Press Relations

Sylvie Hallemans: Tel. +33 (0) 1 47 78 34 85 Fax: +33 (0) 1 47 78 24 33 shallemans@technip-coflexip.com

 

TECHNIP-COFLEXIP Investor and Analyst Relations

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