Press Releases - Contracts


Paris-La Défense, November 7, 2001

Technip: contract award for an hydrogen unit in Austria

ÖMV has awarded TECHNIP a contract for the lump sum turnkey supply of a hydrogen production unit for the Schwechat Refinery, near Vienna.

The Centre of TECHNIP in The Hague, Netherlands, completed the Basic Design Study for this project, which is the first of a series of projects intended to upgrade the Schwechat Refinery to meet the future automotive fuel specifications.

The hydrogen production unit with a capacity of 30.000 Nm³/h of high purity hydrogen, combines conventional steam/hydrocarbon reforming and high temperature shift conversion, with high recovery pressure swing adsorption and natural gas feed saturation. Therefore combining high reliability and availability, with improved efficiency and increased export steam production.

Construction of the Unit is scheduled to commence in the first quarter of 2002 and the Unit is scheduled to be ready for industrial production in April 2003.

This project represents an investment valued at 35 million euros for ÖMV.

TECHNIP is the recognized market leader in the design, engineering and construction of world class on-purpose Hydrogen Production Units. With this contract, being the 9th hydrogen production Unit awarded to TECHNIP only this year, representing a total accumulated capacity of 780.000 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.