Press Releases - Contracts


Paris-La Défense, July 9, 2003

Technip-Coflexip affiliate to participate in the prestige Oil Tanker Confinement Solution

Seal Engineering SA, a wholly-owned affiliate of Technip-Coflexip (NYSE: TKP and Euronext: FR0000131708), has been awarded by Repsol YPF a basic engineering contract for the fabrication and installation of a confinement structure for the “Prestige” oil tanker which sank off the Atlantic coast of Spain in November 2002 in 3,800 meters water depth.

Seal Engineering had previously made an offer to Repsol YPF for a solution involving a canopy or “Marquesina” (see attached 3D view) and subsequently performed a conceptual study at Repsol YPF’s request. This structure, which would be fabricated in Spain, will have provisions for future pumping of the collected fuel within the canopy.

Once the basic engineering of this project is completed, Repsol YPF should be in a position to issue, by the end of this year, an international call for tenders for the actual fabrication and installation of the containment structure.

Seal Engineering, based in Nîmes in the south of France, is a front end engineering and research and development company, specializing in subsea architecture and studies .

 

With a workforce of about 19,000 persons, Technip-Coflexip 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 (NYSE: TKP) and in Paris (Euronext: FR0000131708). The main engineering and business centers of Technip-Coflexip 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, and Finland as well as a world-class fleet of offshore construction vessels.

 

Technip Press Relations

Sylvie Hallemans: Tel. +33 (0) 1 47 78 34 85 Fax: +33 (0) 1 47 78 24 33 shallemans@technip-coflexip.com

 

Technip Investor and Analyst Relations

Christopher Welton: Tel. +33 (0) 1 47 78 66 74 Fax: +33 (0) 1 47 78 67 58 cwelton@technip-coflexip.com

David-Alexandre Guez: Tel. +33 (0) 1 47 78 27 85 Fax: +33 (0) 1 47 78 67 58 daguez@technip-coflexip.com

 

Technip trades under the symbol TKP on the NYSE and under the ISIN FR0000131708 on the Euronext.