Press Releases - Contracts


Paris, April 28, 2004

Technip and Subsea 7 JV awarded contract in Australia for the enfield subsea development

Technip and Subsea 7 announced today that their Australian entities, Technip Oceania Pty Ltd and Subsea 7 (Australia) Pty Ltd, have been awarded a contract by Woodside Energy Ltd for the Enfield oil development located in the Carnarvon Basin, approximately 40km offshore from the North West Cape, Western Australia, in 400m to 550m water depth.

The Joint Venture contract, worth around €75 million, includes the supply and installation of flowlines and risers, electro-hydraulic control umbilicals, transport and installation of a riser column and associated mooring system, transport and installation of subsea manifolds and tie-in and pre-commissioning of the subsea facilities.

The field development will include five production wells and six water injection wells for reservoir pressure support with flowlines to a dis-connectable Floating Production Storage and Offloading (FPSO) facility to receive reservoir fluids (oil, water and gas). Surplus gas not required for fuel will be returned to the reservoir via two gas injection wells.

The joint venture team performing the engineering, procurement services, construction supervision and overall project management will be based in Technip Oceania’s offices in Perth, Western Australia. Technip will fabricate flowlines and risers at its manufacturing facilities in Le Trait, France and umbilicals at the manufacturing facility (DUCO) in Newcastle, UK. Technip’s vessel the CSO Venturer will be used for the offshore installation commencing Q4 2005 and will be supported by Subsea 7’s specialist ROV support vessel, Surveyor.

This contract award is another significant project to be undertaken in joint venture by Technip and Subsea 7 following the award in 2002 of the Trunkline Expansion Systems Project, North West Australia.

Jean-Michel Dumay, Chief Operating Officer of Technip Oceania stated, “We are delighted to be involved with the Enfield project which is currently the largest of its kind in the region providing us with the challenge of operating in water depths up to 550m”.

Steve Wisely, Subsea 7’s Vice President Asia Pacific said, “In addition to our existing ongoing contract on the Trunkline System Expansion Project, we are pleased to be working again for Woodside Energy Limited in Joint Venture with Technip”.

 

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, Finland and Angola as well as a world-class fleet of offshore construction vessels.

Subsea 7 was formed as a result of a combination of the business and assets of Halliburton Subsea and the subsea business and assets of DSND Subsea ASA on 23 May 2002. It has offshore operations supported out of the UK, Norway, Singapore, Brazil, United States and the Caspian and employs 3,600 world-wide. Subsea 7 has a fleet of 112 remotely operated vehicles (ROVs), four pipeline construction yards and 21 modern, high specification dynamically positioned ships capable of deepwater reeled and flexible pipelay, deepwater subsea construction and saturation diving and survey.

 

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

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.