Press Releases - Contracts


Paris-La Défense, March 3, 2003

Contract for refining unit at Antwerp, Belgium

Technip-Coflexip (NYSE: TKP and Euronext: 13170) has recently been awarded, by TotalFinaElf, the design and construction of a gasoline hydrotreating unit for its refinery at Antwerp in Belgium.

The contract is worth about 50 million euros.

The aim of the project, called the “Clean Gasoline Project”, is to hydrotreat the gasolines from the FCC unit without lowering the octane rating. The unit will use the “PRIME G+” process licensed by Axens (IFP) and will have a capacity of 57,500 BPSD.

The “Clean Gasoline Project” will allow the production of gasolines with a sulfur content below 10 ppm. The Antwerp refinery will thus comply with the 2008 European standards concerning the quality of refined gasolines.

Under the terms of the contract, Technip-Coflexip’s engineering center based in Paris will handle engineering, equipment and materials procurement, works subcontracting, construction supervision and precommissioning operations.

The contract is in force. Construction completion is scheduled for the end of August 2004. The unit should be ready for start-up on October 20, 2004.

 

With a workforce of about 19,000, Technip-Coflexip ranks among the top five 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.

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 and Analyst Relations

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