Press Releases - Contracts


Paris-La Défense, September 5, 2003

Contrat award for the subsea development of the Baobab field offshore Ivory Coast

Technip has been awarded, by CNR International (Côte d’Ivoire) SARL, an EPIC (Engineering, Procurement, Installation, Commissioning) contract worth about US $125 million, for the subsea development of the Baobab oil field offshore Ivory Coast. CNR International (Côte d’Ivoire) SARL is a wholly owned subsidiary of Canadian Natural Resources Limited.

The Baobab field is located 65 km from Abidjan, in water depths ranging from 900 m to 1300 m.

This contract mainly covers the design, procurement/fabrication and installation of rigid pipelines as well as flexible risers and free issue steel core umbilicals. It also includes the installation of manifolds and spoolpieces and the precommissioning of all pipelines and risers.

The execution of this contract will be based mainly on Technip’s own resources and assets:

  • associated engineering and project management will be performed by Technip Offshore UK, based in Aberdeen,
  • rigid pipelines will be welded at Technip’s spoolbase at Evanton, Scotland,
  • flexible risers will be manufactured at Technip’s plant in Le Trait, France.

The installation of the pipelines is scheduled for the last quarter of 2004 with the remaining subsea construction works to be completed during the first quarter of 2005.

Following the recent award of the subsea development projects of the Dalia field in Angola and the Simian/Sienna and Sapphire fields in Egypt, this contract in Ivory Coast comes as a new success for Technip in the highly strategic African/Mediterranean deep offshore market.

 

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 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 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

 

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