Press Releases - Contracts


Paris-La Défense, January 29, 2002

Technip-Coflexip: new contract award for a hydrogen unit

TOTAL RAFFINADERIJ NEDERLAND N.V. in Vlissingen (Flushing), located in the South-Western part of The Netherlands, has awarded TECHNIP-COFLEXIP (NYSE: TKP and EURONEXT: 13170) an engineering services contract for modifications of the hydrogen plant to increase availability and capacity to meet hydrocracker requirements.

Under the terms of the contract, TECHNIP-COFLEXIP will provide engineering and procurement services and will manage the construction and maintenance works during the 2002 shutdown of the plant.

The project will be executed in TECHNIP-COFLEXIP's engineering center in The Hague. The work will be implemented between January and December 2002.

TECHNIP-COFLEXIP is the recognized market leader in the design, engineering and construction of world class on-purpose hydrogen production units. With this contract, being the 10th hydrogen production unit awarded to TECHNIP-COFLEXIP since January 2001, representing a total accumulated capacity of 800,000 Nm3/h of on-purpose hydrogen production, this already strong position has been further strengthened.

 

With a workforce of about 18,000 and annual pro-forma revenues of nearly 4.5 billion euros, TECHNIP-COFLEXIP ranks among the top five in the field of oil and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York (NYSE: TKP) and in Paris (EURONEXT: 13170). The main engineering and business centers of TECHNIP-COFLEXIP are located in France, Italy, Germany, the UK, Norway, 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.

 

Statements in this news release other than historical financial information are forward-looking statements subject to risks and uncertainties. Actual results could differ materially depending on factors such as capital expenditures in the oil and gas industry, the timing of development of offshore energy resources, materialization of construction risks, the strength of competition, interest rate movements and stability in developing countries.

 

TECHNIP-COFLEXIP 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-COFLEXIP Group Investor Relations Officer

Miranda Weeks: Tel. +33 (0) 1 55 91 88 27 Fax: +33 (0) 1 55 91 87 11 mweeks@technip-coflexip.com