Press Releases - Contracts


Paris-La Défense, December 2, 2002

Contract award for a high-tech acid gas treatment plant in Egypt

Alexandria Mineral Oil Company (AMOC) has awarded Technip-Coflexip (NYSE: TKP and Euronext: 13170) a lump sum turnkey contract for the implementation of an acid gas treatment plant at Alexandria, Egypt.

The plant, with a production capacity of 12 tons per day of sulphur, applies innovative THIOPAQ® technology developed by the Dutch Company Paques and engineered for industrial applications by UOP. This state-of-the-art technology converts acid gas from desulfurization processes, into elementary sulphur by biological process, thereby curtailing the operational problems associated with conventional processes. Sulphur produced is water soluble, with considerable benefits for agricultural applications.

The Alexandria plant will be the first THIOPAQ® unit built on an industrial scale.

The project will be carried out by the engineering center of Technip-Coflexip in Rome, whose scope of work includes detail engineering, procurement, construction, precommissioning, commissioning, start-up and training.

Plant completion is slated for August 2003, 12 months after contract coming into force.

This new award further enhances the long list of achievements performed by Technip-Coflexip in Egypt, which include two outstanding lump sum turnkey contracts recently completed in the Alexandria industrial area: the grass-roots 100,000 BPSD Midor Refinery and the ANRPC Naphtha Reformer Complex.

 

With a workforce of about 18,000, Technip-Coflexip ranks among the top five in the field of oil 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.

 

Statements in this news release other than historical financial information are forward-looking statements subject to risks and uncertainties. Actual results could differ materially depending on factors such as capital expenditures in the oil and gas industry, the timing of development of offshore energy resources, materialization of construction risks, the strength of competition, interest rate movements and stability in developing countries.

 

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 Relations Department

Christopher Welton: Tel. +33 (0) 1 55 91 88 27 - Fax: +33 (0) 1 55 91 87 11 cwelton@technip-coflexip.com

David-Alexandre Guez: Tel. +33 (0) 1 47 78 27 85 - Fax: +33 (0) 1 55 91 87 11 daguez@technip-coflexip.com