Press Releases - Contracts


Paris, January 21, 2005

Technip awarded flowline installation work for Kerr-McGee's Ticonderoga field in the Gulf of Mexico

Technip has been awarded the Ticonderoga subsea flowline installation contract by Kerr-McGee Oil & Gas Corp., a wholly owned affiliate of Kerr-McGee Corp. (NYSE: KMG). The Ticonderoga production will be tied back to Kerr-McGee’s 100% owned Constitution Spar.

The Constitution field is located in the Gulf of Mexico on Green Canyon blocks 679 and 680, approximately 190 miles southwest of New Orleans in 5,000 feet of water. The Ticonderoga field is located on Green Canyon block 768 in 5,250 feet of water. Kerr-McGee operates the Ticonderoga development and holds a 50% interest. Noble Energy Inc. (NYSE: NBL) owns the remaining 50%.

The overall project covers the installation of two pipe-in-pipe flowlines and steel catenary risers along with pipeline end termination (PLET) structures for the tie-back of the wells.

Technip’s engineering center based in Houston will provide the installation engineering along with the design of the PLET structures. The group’s deepwater pipelay vessel Deep Blue will install the flowlines during the fourth quarter of 2005.

 

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 United Kingdom, 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 U.K., the United States, 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.