Press Releases - Contracts


Paris, November 17, 2004

Technip awarded contract by Marathon for the Alvheim field offshore Norway

Technip has been awarded by Marathon an EPCI (engineering, procurement, construction, installation and commissioning) contract worth approximately 130 million euros, for the installation of the sub sea system for the Alvheim field on the Norwegian Continental Shelf. The contract includes design and supply of all line pipes, flexible pipes, umbilicals, riser bases and manifolds. The installation work is scheduled to take place during summer 2006.

Technip Offshore Norge AS, based in Oslo (Norway), will perform the contract’s project management and engineering. The flowlines will be fabricated at the Group’s welding base either in Evanton (UK) or Orkanger (Norway). The flexible risers and umbilicals will be manufactured at Technip’s facilities in Le Trait (France), and in Newcastle (UK) respectively.

Several vessels from Technip’s fleet will undertake the offshore operations: the Apache for the pipe lay, the Deep Pioneer for structures installation and the Wellservicer for spools installations and tie-ins.

Marathon Petroleum Company (Norway) acts on behalf of Marathon Petroleum Norge AS, which holds a 65% interest in the Alvheim development and serves as operator. Marathon’s co-venturers are ConocoPhillips AS with a 20% working interest and Lundin Norway AS which holds the remaining 15%.

 

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.

 

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.