Press Releases - Contracts


Paris, July 29, 2004

Technip awarded subsea services contract by Amerada Hess for key UK North Sea assets

Technip announced today that one of its UK entities, Technip Offshore UK Limited, has been awarded a contract, worth in the region of € 37 million (£25 million), by Amerada Hess Limited to provide subsea services management for its Ivanhoe, Rob Roy, Hudson, Triton, Fife, Flora, Fergus and Angus assets located in the UK North Sea. Technip will provide, Inspection, Repair and Maintenance (IRM) and engineering and execution services to Amerada Hess over three years.

The scope of the contract requires Technip to manage all engineering aspects related to AHL’s subsea infrastructure from wellhead to topside interface. Technip will carry out work that will aim to maximize the performance of AHL’s subsea facilities. and will be responsible for all project management, subsea construction and IRM operations. It will utilise the capabilities of the Alliance vessel, its Diving Support Vessel (DSV) for all IRM works, with third party survey vessels and other vessels from the Technip fleet providing assistance when necessary. Genesis Oil and Gas Consultants Limited will provide the engineering support including front-end engineering and design capabilities for specialist engineering works.

Technip Offshore UK and Genesis are both subsidiaries of the Technip Group and have complementary capabilities. Through this integrated package and by working together in a unique and highly innovative contract model Technip Offshore UK and Genesis believe they can add value to Amerada Hess’s assets through specialist engineering initiatives.

 

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.