Press Releases - Contracts

Paris-La Défense, September 19, 2003

First contract award for a gas plant in Brazil

Technip has been awarded, by Petrobras, a contract worth about US $80 million for the design and construction of a natural gas plant to be built at Guamaré, in the State of Rio Grande do Norte, Brazil. This is the first onshore gas project won by Technip in Brazil.

This plant will mainly include receiving, compression facilities, separation, drying and processing as well as the associated offsites. It will produce 1.500.000,00 m3/d of industrial gas, LPG and condensate.

Under the terms of the contract, Technip will supply the engineering, procurement, construction and start up for the project. The work will be performed by the engineering center of Technip based in Rio de Janeiro and is scheduled to be completed in March 2005.

Technip has a long track record in the design and construction of gas treatment facilities and has already completed large gas processing complexes in the Middle East (Abu Dhabi, Saudi Arabia), in Russia and in Latin America (Venezuela). In Brazil, where for decades the Group has been very active mainly in the offshore business, this contract award is a new evidence of the business synergies developed through the merger between Technip and Coflexip.

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.


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