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Press Release

Technip announces conversion of khursaniyah

August 02, 2007

Paris, August 2, 2007


Technip, in consortium with Bechtel, has signed a contract with Saudi Aramco for the conversion of the Khursaniyah (Saudi Arabia) gas plant project into a lumpsum turnkey contract. The contract was originally awarded to this consortium in March 2005 on a time unit rate basis.

This grassroots gas plant project is part of the Khursaniyah, Fadhli and Abu Hadriyah hydrocarbon field development program that will substantially increase Saudi Arabian oil and gas production capacity.

The Khursaniyah gas plant project includes processing facilities for up to 1,000 million standard cubic feet/day of sour gas to produce 560 million standard cubic feet/day of sales gas, 300,000 barrels/day of C2+ natural gas liquids and 1,800 metric tons/day of liquid sulphur.

Technip's operations and engineering center in Rome, Italy, and Overseas Bechtel's offices in London, United Kingdom, are executing the project management, basic and detailed engineering, and procurement of equipment and materials. Construction and pre-commissioning activities are handled by the Saudi Arabian affiliates of Technip and Bechtel.

The plant is scheduled for completion in the first quarter of 2008.

This project joins a long list of major projects executed by Technip over the past 30 years in Saudi Arabia, including several other large projects for Saudi Aramco.

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