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Press Release

Technip awarded Subsea contract for the Kitan field development project in the Timor Sea

May 20, 2010

Technip has been awarded a contract by Eni for the Kitan field development project. This field is located in approximately 350 meters of water, in an area of the Timor Sea jointly administered by Timor-Leste and Australia, 500 kilometers off the Australian coast and about 250 kilometers south of the Timor-Leste capital of Dili.

Le contrat comprend听:

  • project management and engineering,
  • supply and installation of 23 kilometers of flowlines(1) and risers(2),
  • installation of the umbilical(3) system.

Technip鈥檚 operating center in Perth, Australia will execute the contract. The pipelines will be manufactured at the Group鈥檚 plant in Le Trait, France.

Offshore installation is scheduled to start in the first half of 2011 using the Venturer, a construction vessel from Technip鈥檚 fleet.

This award reinforces Technip鈥檚 position in the expanding Subsea market in Asia Pacific.

Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.

With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.

Present in 48 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.

Public Relations

Christophe B茅lorgeot Tel. +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip Tel. +33 (0) 1 47 78 32 79
E-mail: press@technip.com

Investor and Analyst Relations

Kimberly Stewart Tel.听+33 (0) 1 47 78听66 74
E-mail : kstewart@technip.com

Group Website听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听听 http://www.technip.com

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

(2) Riser: a pipe or assembly of pipes used to transfer produced fluids from the seabed to surface facilities, and transfer injection or control fluids from the surface facilities to the seabed.

(3) Umbilical: an assembly of steel tubes and/or thermoplastic hoses. Umbilicals can include electrical cables or optic fibers to support communications, power supply and telemetry functions.