Press Releases - Contracts


Paris, January 17, 2008

Technip awarded an ultra-deep water pipeline contract in the Gulf of Mexico

Technip has been awarded by Shell a contract for the ultra-deep water Perdido oil field development, located approximately 200 miles south of Freeport (Texas), in the Gulf of Mexico.

The contract covers engineering, fabrication and installation of one flowline(1) and one steel catenary riser(2), with a total length of 8.24 miles. The pipelines will reach a maximum water depth of 9,700 feet along the route.

Technip's operating center in Houston (Texas) will execute this contract. The pipelines will be welded at the Group's spoolbase located in Mobile (Alabama). Offshore installation will be completed using the Deep Blue, Technip's deepwater pipelay vessel.

Under the terms of separate contracts, Technip is currently supplying the Perdido umbilicals as well as the Spar hull and mooring system. Moored in about 8,000 feet of water, this record breaking Spar will be the deepest spar production facility in the world and the first with direct vertical access (DVA)

Shell is the operator of Perdido, with a 35% interest. Other partners include Chevron with 37.5% and BP with 27.5%.

(1) Flowline: a pipe, laid on the seabed, which allows the transportation of oil/gas production or injection of fluids. Its length can vary from a few hundred meters to several kilometers.

(2) Riser: a pipe or assembly of pipes used to transfer produced fluids from the seabed to surface facilities, and transfer injection or control fluids from the surface facilities to the seabed.

(3) Spar: a cylindrical, partially submerged offshore drilling and production platform that is particularly well adapted to deepwater.

 

With a workforce of 22,000 people, Technip ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. The Group is headquartered in Paris.
The Group's main operating centers and business units are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia.
In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris.

 

Technip Public Relations

Laurence Bricq: Ph. +33 (0) 1 47 78 26 37 Fax: +33 (0) 1 47 78 24 33 lbricq@technip.com

 

Technip Investor and Analyst Relations

Xavier d’Ouince: Ph. +33 (0) 1 47 78 25 75 Fax: +33 (0) 1 47 78 67 58 xdouince@technip.com

 

Technip trades under the ISIN FR0000131708 on the Euronext Paris.