SOURCE: Technip

July 01, 2005 12:39 ET

Technip Awarded Contract in Malaysia for the Kikeh Field Subsea Development

PARIS -- (MARKET WIRE) -- July 1, 2005 -- Technip (NYSE: TKP) has been awarded a contract by Murphy Sabah Oil Company Ltd for the engineering, design, supply and installation of the Kikeh Area Development sub sea pipeline and riser system. Located in 1,330m water depth offshore Sabah, Kikeh will be the first deepwater development in Malaysia and will include the deepest installation of a sub sea production system in Asia to date.

Technip's engineering center in Kuala Lumpur, Malaysia, will manage the overall project and will be supported by Technip's office in Perth, (Australia), in collaboration with Subsea 7. The project includes design, supply and installation of flexible flowlines(1) and risers(2), holdback anchors, the installation of control umbilicals(3) and manifolds, tie-in of the subsea wellheads, hook-up of the risers to the Kikeh floating production and offloading system (FPSO) and the pre-commissioning of the system.

Offshore installation using Technip's vessel Venturer and Subsea 7's vessel Rockwater 2 will be commencing in the second quarter of 2006 with first oil slated for the second half of 2007.

The Kikeh field, operated by Murphy as production sharing contract partner with Petronas Carigali, has estimated recoverable reserves of approximately 400 to 700 million barrels of oil.

This contract follows Technip's recent award by Murphy Sabah Oil Company Ltd for the engineering, construction and installation of the first Spar floating production platform to be ever installed outside the Gulf of Mexico, also for the Kikeh development.

(1) Flowline: flexible pipe laid on the seabed for the transportation of
production or injection fluids.

(2) Riser: vertical flexible pipe connecting the flowlines to the surface
facility.

(3) Umbilical: assembly of hydraulic hoses, which can also include
electrical cables or optic fibers, used to control a subsea structure or
ROV from a platform or a vessel.
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 USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.

Technip’s shares trade on the following exchanges: TKP LISTED NYSE euronext ISIN FR0000131708

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