SOURCE: Technip

October 19, 2005 03:30 ET

Technip awarded EPCI contract at Campos Basin offshore Rio de Janeiro

Paris La Défense Cedex -- (MARKET WIRE) -- October 19, 2005 -- Paris, October 19, 2005

Technip has been awarded by Petroleo Brasileiro S.A. (Petrobras) an EPCI(1) contract valued around US$ 210 million for a subsea pipeline and a free standing hybrid riser(2) (FSHR) for deep water oil export in the Campos Basin, offshore Rio de Janeiro.

The contract includes the engineering, procurement, manufacturing, installation and pre-commissioning of the oil export system from semi-submersible platform P-52 to PRA-01, a shallow water collection platform, as well as a free standing hybrid riser(2) (FSHR) in 1,800 meters water depth.

Installation of the 56 km-long thermally insulated 18" rigid line and the riser, to be carried out by Technip's deepwater pipelay vessel Deep Blue, is slated for the first quarter of 2007. These operations will be carried out using the J-Lay deployment method in water depths ranging from 100 m to 1,800 m.

Technip's engineering center in Rio de Janeiro (Brazil) will be responsible for the overall project management with the technical support from Technip Offshore UK and Technip USA.

This contract falls within the framework of Campos Basin Oil Outflow and Treatment Plan (PDET), which aims to increase oil flow capacity in Campos Basin by as much as 630,000 barrels per day.

(1) EPCI: Engineering, Procurement, Construction, Installation.

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

With a workforce of about 20,000 people, 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 operations and engineering 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.

Public Relations

Laurence Bricq / Tel. +33 (0) 1 47 78 26 37

E-mail: lbricq@technip.com

Marina Toncelli / Tel. +33 (0) 1 47 78 66 69

E-mail: mtoncelli@technip.com

Investor and Analyst Relations

G. Christopher Welton / Tel. +33 (0) 1 47 78 66 74

E-mail: cwelton@technip.com

Xavier d'Ouince / Tel. +33 (0) 1 47 78 25 75

E-mail: xdouince@technip.com

Group website http://www.technip.com

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