Press Releases - Contracts


Paris-La Défense, June 20, 2002

Extension contract for La Pampilla refinery

The Peruvian company Refinería La Pampilla S.A. partly owned by the Repsol YPF Group has awarded on an EPC lump sum turn-key basis to a joint venture created between Technip-Coflexip and the Spanish group Dragados Industrial a contract for a major extension of its refinery located in La Pampilla nearby Lima.

The project mainly consists in the addition of new units like Vacuum, Visbreaker, Merox and Sour Water Treatment as well as the revamp of its crude unit and the related utilities. It will be mechanically completed in 23 months.

Technip Coflexip, who already built different units of La Pampilla refinery in the 70's and Dragados Industrial will provide engineering services, supplies and construction for this project. This is the first significant cooperation project between Technip-Coflexip and Dragados Industrial.

 

With a workforce of about 18,000 and annual revenues of about 5 billion euros, 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 Group Investor Relations Officer

Miranda Weeks: Tel. +33 (0) 1 55 91 88 27 Fax: +33 (0) 1 55 91 87 11 mweeks@technip-coflexip.com