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Press Release

Technip awarded two subsea contracts in the Gulf of Mexico by Stone Energy Corporation

January 27, 2015

Leveraging its unique subsea vertical integration

  • Unique vertical integration - Technip to design, manufacture and install the flexible pipe
  • First class assets and technologies 鈥 Technip to leverage its technologically advanced manufacturing plant and high performing vessel

Technip has been awarded by Stone Energy 听Corporation both a flexible pipe supply contract and an installation contract for 听the Amethyst field, located on Mississippi Canyon 26, in the Gulf of Mexico.

The first contract includes the detailed 听engineering, procurement, fabrication, assembly and testing of a 5-inch production 听static riser (almost 9 kilometers long) as well as all associated hardware.

The second award covers the installation 听of the pipe as a tieback to the Pompano fixed platform, in approximately 395 听meters of water depth.

Technip鈥檚 operating center in Houston, 听Texas, USA, will manage the project which is scheduled to be completed during 听the second half of 2015.

The Group will leverage its unique 听vertical position in the subsea business. The flexible pipe will be manufactured at the Group鈥檚 Asiaflex 听Products plant located in Tanjung Langsat, Malaysia. It will be installed using 听the Deep Blue, Technip鈥檚 deepwater pipelay vessel.

Deanna Goodwin, President of Technip in North America, stated: 鈥淭echnip is proud to bring its experience 听and to leverage its vertical integration of product design and manufacture and 听installation vessel fleet to support our customer鈥檚 needs鈥.

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Technip is a 听world leader in project management, engineering and construction for the energy 听industry.
From the deepest Subsea oil & gas developments to 听the largest and most complex Offshore and Onshore infrastructures, our 40,000 听people are constantly offering the best solutions and most innovative 听technologies to meet the world鈥檚 energy challenges.
Present in 48 countries, Technip has state-of-the-art 听industrial assets on all continents and operates a fleet of specialized vessels 听for pipeline installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris 听exchange and traded in the USA on the OTCQX marketplace (OTCQX: TKPPY).

Public Relations

Christophe B茅lorgeot Tel. +33 (0) 1 47 78 39 92
Laure Montcel Tel. +33 (0) 1 49 01 87 81 E-mail: press@technip.com

Investor and Analyst Relations

Kimberly Stewart Tel.听+33 (0) 1 47 78 66 74 E-mail : kstewart@technip.com
Aur茅lia Baudey-Vignaud Tel.听+33 (0) 1 85 67 43 81 E-mail: abaudeyvignaud@technip.com
Mich猫le Schant茅 Tel.听+33 (0) 1 47 78 67 32 E-mail: mschante@technip.com

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