Press Releases - Contracts

Paris, February 12, 2004

Contract award for Statoil's Aasgard Q Satellite development in Norway

Technip, in association with Subsea 7, has been awarded by Statoil a contract related to the subsea portion of the new Aasgard Q satellite development in the Norwegian part of the North Sea. The contract, valued at approximately 11.6 million euros (100 million NOK), includes fabrication and installation of two 10 inch 13% chromium infield flowlines, each 13.5km long.

The project engineering will be performed both at Technip’s offices in Stabekk as well as Subsea 7’s offices in Stavanger. The flowlines will be fabricated at Technip’s welding base in Orkanger and installed by Subsea 7’s installation vessel Skandi Navica during the second half of 2004.

Following last year’s awards of North Sea contracts (Kristin and Snøhvit) to Technip, this new award acknowledges the Group’s long lasting relationship and co-operation with Statoil.


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

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


Technip Investor and Analyst Relations

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

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


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