Press Releases - Contracts


Paris, August 3, 2004

LNG contract awarded in Nigeria

Technip announces that Nigeria LNG Limited (NLNG) has awarded the engineering, procurement and construction (EPC) contract for the NLNGSix project at its existing liquefied natural gas facility to partners of the equal joint venture team, which includes Technip, Snamprogetti, KBR and JGC Corporation. This is the fourth project that the partners contracted with NLNG.

The addition of the sixth train will boost NLNG’s production capacity by four million TPA of LNG, to an overall production capacity for the complex of 22 million TPA of LNG and five million TPA of natural gas liquids. The sixth train is scheduled to start up in the 4Q 2007 and most of the production has been sold for North American destinations.

Andrew Jamieson, Managing Director of Nigeria LNG, Ltd. said the expansion of the facility will place NLNG among the largest producers of LNG in the world. Additionally, he said the sixth train project will have significant positive effects on the Nigerian economy, including local content, technology transfer and the training and development of indigenous manpower and contractors.

NLNG shareholders are Nigerian National Petroleum Company (49%) and subsidiaries of Royal Dutch/Shell (25.6%), Total (15%) and Agip (10.4%).

 

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.

Snamprogetti, a company of the ENI Group, is an international engineering and construction company, operating as a main contractor in the fields of oil and gas production, refining, natural gas treatment and monetization, chemical and fertilizer plants, field upstream facilities and pipelines, infrastructure, power and environment plants. Based in San Donato Milanese, Milan, Snamprogetti has major subsidiaries in Italy and in the United Kingdom as well as several offices worldwide. Staffed by 3,300 employees, the company has had an average turnover of over 1,500 million US dollar in the last five years. Snamprogetti’s website can be accessed at http://www.snamprogetti.it.

KBR is a global engineering, procurement and services company. Whether designing a chemical plant, serving as a defense industry contractor, or providing capital construction, KBR delivers world-class service and performance. KBR employs 83,000 people in 43 countries around the world. Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the petroleum and energy industries. The company serves its customers with a broad range of products and services through its Energy Services Group and Engineering and Construction business segments. The company’s World Wide Web can be accessed at www.halliburton.com.

JGC is an international engineering and construction company based in Yokohama, Japan, having multiple operating centers and executing large scale projects world-wide. JGC is currently executing projects in Nigeria, Algeria, Libya, Egypt, Saudi Arabia, Oman, Abu Dhabi, Qatar, China, Australia, and other countries. Established in 1928, JGC has a strong background in lump-sum turnkey operations of both hydrocarbon and non-hydrocarbon related projects, with annual sales turnover in excess of $3 billion. JGC's website can be accessed at http://www.jgc.co.jp

 

Technip Public Relations

Laurence Bricq: Ph. +33 (0) 1 47 78 26 37 Fax: +33 (0) 1 47 78 24 33 lbricq@technip.com

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

 

Technip Investor and Analyst Relations

G. Christopher Welton: Ph. +33 (0) 1 47 78 66 74 Fax: +33 (0) 1 47 78 67 58 cwelton@technip.com

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

 

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