Technip Wins Two Subsea Contracts

Technip was awarded two contracts by the international energy company Statoil, worth a total of around €55 million, for the Vilje South field and Visund North developments located in the North Sea at water depths of 120 and 385 m respectively. These contracts cover:

· welding and installation of a 10 kilometer production flowline,

· subsea equipment installation and tie-ins,

· umbilical installation and tie-ins.

Technip’s operating center in Oslo, Norway will execute the contracts. Flowline welding will take place in the Group’s spoolbase in Orkanger, Norway, while installation will be performed with the Apache II, a pipelay vessel from Technip’s fleet, in mid-2013.