Press Releases - Contracts


Paris, July 7, 2004

Technip awarded contract by Statoil for the Norne Satellites project in Norway

Technip announces that Technip Offshore Norge AS, its Norwegian affiliate, has been awarded by Statoil a contract related to the sub sea portion of the Norne Satellites Project in the Norwegian part of the North Sea. The contract, valued at approximately €10.8 million (NOK 90 million), includes fabrication and installation of a 9 km long 12,6 inch internal diameter (ID) production flowline and a 12 km long 5 inch ID gas lift flowline. The production flowline will be cladded internally with 316L stainless steel and installed with a heat tracing cable. This will be the first clad pipe installed using the reel pipelay method.

The project engineering will be performed at Technip’s Oslo office. The flowlines will be fabricated at the Group’s welding base in Orkanger and installed by the Apache vessel during summer 2005.

Carl Holmen, Managing Director of Technip Offshore Norge AS, stated: “This new contract illustrates Technip’s leading market position for sub sea pipeline installation and new technology development. Following recent awards, Kristin, Snøhvit and Åsgard Q to Technip, this new contract acknowledges our long lasting relationship and co-operation with Statoil.”

 

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

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.