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Press Release

Technip awarded contract for the Azurite field development in Congo

September 21, 2007

Paris, September 21, 2007

 

Technip has been awarded by Murphy West Africa, Ltd. a contract, worth approximately USD 110 million, for the Azurite field development. The Azurite field is located 80 nautical miles offshore the Republic of the Congo, in block "Mer Profonde Sud", at a water depth of 1,400 meters.

The contract covers the engineering, procurement, fabrication, testing, installation and pre-commissioning of two production and one water injection flexible risers(1), two production jumpers(2) and one umbilical(3). Technip will also supply ten well jumpers and provide transportation, installation and pre-commissioning for subsea equipment supplied by Murphy West Africa, Ltd.

Technip's operations and engineering center in Paris (France) will execute the contract. The flexible pipes will be manufactured by Flexi France, one of the Group's flexible pipe plants located in Le Trait (France). The umbilical will be manufactured by Duco, Technip's subsidiary based in Newcastle (United Kingdom).

Offshore operations will be carried out using one of the Group's construction vessels during the fourth quarter of 2008.

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