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Press Release

Technip awarded contract for gas facilities in the United Arab Emirates

July 27, 2007

Paris, July 27, 2007

 

Technip, jointly with the National Petroleum Construction Company (NPCC), has been awarded by Abu Dhabi Marine Operating Company (ADMA-OPCO) an engineering, procurement and construction contract for the Zakum gas processing facilities offshore Abu Dhabi. Technip will have a 35% share of this contract, which is worth approximately USD 370 million.

Technip's operations and engineering center in Abu Dhabi will execute the contract, covering project management and engineering whereas the procurement activities will be executed jointly with NPCC. All fabrication and offshore installation will be carried out by NPCC.

The project consists of installing gas processing and compression facilities to increase the production capacity of the Zakum field, while maintaining the reservoir pressure. The new gas compression platform will be connected to the existing lower Zakum platform by a bridge. It will have two gas turbine driven centrifugal compression trains, a triethylene glycol dehydration unit, an air cooling unit and a vapor recovery system.

The facilities are scheduled to be operational in January 2010.

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