Press Releases - Contracts


Paris, December 19, 2003

Technip/Fels Setal sign the contract for the P-52 platform offshore Brazil

The Technip/Fels Setal consortium has been awarded by Petrobras a contract worth approximately USD 775 million for the engineering and construction of the P-52 semi-submersible production platform, to be located in the Roncador field in the deep water of the Campos Basin.

The project management, engineering, construction, mating, integration and procurement activities of the project will be shared (25%/75%) between Technip and Fels Setal.

Delivery of the floating production unit in Roncador production site is due in 32 months from contract award. The project involves the detailed engineering, procurement and construction of an 180,000 bpd semi-submersible production platform capable of operating in water depths up to 1,800 meters.

Technip through its fully-owned subsidiary Technip Engenheria, based in Rio de Janeiro, will be responsible for the overall detailed engineering of the complete topsides (including process modules, flare and deck box) for a total dry weight of 23 000 mt, as well as the engineering procurement services and the offshore mating. FELS Setal will be performing the detailed engineering and construction of the lower hull, at Singapore the construction of the deckbox, the topsides as well accommodation at its facilities in Angra dos Reis and the process modules fabrication at its Niterio yard. Hook-up, FPU integration, commissioning and pre-operations start-up will be also done at Fels Setal yard located at Angra dos Reis.

The P-52 contract further establishes Technip/Fels Setal consortium as a key supporter of Brazil’s effort to increase oil output from Campos Basin and other Brazilian oil fields with significant local content. With more than 25 years presence in Brazil, and the country’s largest engineering workforce, Technip is in a position to fulfill all requirements and specifications of the project and to demonstrate its capabilities on such a challenging project.

 

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.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.com

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

 

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