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Press Release

Technip awarded major offshore contract for the Mariscal Sucre development in Venezuela

November 17, 2010

  • project management and construction management for the Dragon platform and subsea system fabrication, transportation and installation,
  • detail engineering for the platform and subsea tieback to the Dragon field. The platform will be installed in approximately 427 feet (130 meters) of water depth,
  • procurement of long lead equipment and procurement services for the platform.
Technip France has signed this contract that will be executed with the Group’s North America’s engineering center and Technip’s Venezuelan affiliate: Estudios y Projectos Ditech, S.A.

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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.

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Public Relations
Christophe Belorgeot                                 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. +33 (0) 1 47 78 66 74
                                                                        E-mail : kstewart@technip.com


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