Press Releases - Contracts


Paris-La Défense, September 5, 2003

Technip wins a diesel hydrotreater facility project in Riyadh - Saudi Arabia

Technip has been awarded, by Saudi Arabian Oil Company (Saudi Aramco), a lumpsum turnkey contract for the addition of Diesel Hydrotreating Facilities at their Riyadh Refinery.

As part of the project, Technip will provide a diesel hydrotreater, an amine regeneration unit, a new sulphur recovery unit, a hydrogen plant and will revamp existing facilities. The plant will be able to produce 45,000 BPSD of low sulphur diesel and have the flexibility to produce extra low sulphur diesel through the installation of additional equipment.

Technip’s contract covers the following services: project management, detail engineering, procurement of equipment and materials, construction management, construction, precommissioning and assistance to commissioning. The overall project will be carried out by Technip’s engineering center in Rome, with the construction being handled by the Group’s local affiliate, Technip Saudi Arabia.

The project began in early August 2003 and completion is slated for January 2006.

This contract falls within the framework of Saudi Arabia’s intention to improve the Kingdom ambient air quality by supplying low sulphur diesel to the domestic market. For Technip, this new success adds to the remarkable list of its references in Saudi Arabia, including several other large major gas and oil development projects for Saudi Aramco, such as: Hawiyah, Haradh and Qatif.

 

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-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 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.