Press Releases - Contracts


Paris-La Défense, September 4, 2003

Technip signs today € 65 million marine operations contract on Statoil's Snøhvit field offshore Norway

Technip, through its Norwegian affiliate Technip Offshore Norge AS, has been awarded by Statoil an installation contract for the infield flowlines, service lines and umbilicals at the Snøhvit field. The contract, valued above 65 million EUR, includes the following: Installation of 13%Cr infield flowlines (17km, 14”), installation of a CO2 pipeline (150km, 8”), two off service lines (143kmeach, 4”) from Melkøya to Snøhvit, umbilicals (170km) infield and from Melkøya to Snøhvit, spool installation and tie-ins. All linepipe and umbilicals are supplied by Statoil. The infield lines will be installed and tied-in during 2004 and the remainder of the installation will be performed in 2005.

The project management and engineering for the work will be performed in Oslo, Norway, and the fabrication of the pipelines will take place at Technip’s welding base in Orkanger, Norway and possibly Evanton, Scotland. Several of the Technip’s vessels will be used for the offshore installation activities.

 

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, 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 55 91 88 27 Fax: +33 (0) 1 55 91 87 11 cwelton@technip-coflexip.com

David-Alexandre Guez: Tel. +33 (0) 1 47 78 27 85 Fax: +33 (0) 1 55 91 87 11 daguez@technip-coflexip.com

 

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