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Press Release

Technip awarded an ultra-deep water pipeline contract in the Gulf of Mexico

January 17, 2008

Paris, January 17, 2008


Technip has been awarded by Shell a contract for the ultra-deep water Perdido oil field development, located approximately 200 miles south of Freeport (Texas), in the Gulf of Mexico.

The contract covers engineering, fabrication and installation of one flowline(1) and one steel catenary riser(2), with a total length of 8.24 miles. The pipelines will reach a maximum water depth of 9,700 feet along the route.

Technip's operating center in Houston (Texas) will execute this contract. The pipelines will be welded at the Group's spoolbase located in Mobile (Alabama). Offshore installation will be completed using the Deep Blue, Technip's deepwater pipelay vessel.

Under the terms of separate contracts, Technip is currently supplying the Perdido umbilicals as well as the Spar hull and mooring system. Moored in about 8,000 feet of water, this record breaking Spar will be the deepest spar production facility in the world and the first with direct vertical access (DVA)

Shell is the operator of Perdido, with a 35% interest. Other partners include Chevron with 37.5% and BP with 27.5%.