Technip Scores Causeway Contract

Technip was awarded by Valiant Causeway Limited a lump sum contract, worth approximately €33 million, for the Causeway field development. This field is located about 450 kilometers North-east of Aberdeen, Scotland at a water depth of 150 meters.

This contract covers engineering, procurement, installation and commissioning of rigid and flexible pipelines, subsea equipment as well as umbilicals, which will be manufactured by Technip's wholly-owned subsidiary DUCO under a separate contract.

Technip's operating center in Aberdeen will execute the contract, which is scheduled to be completed in the second semester of 2012. Rigid pipelines will be welded at Technip spoolbase in Evanton, Scotland, while the flexible pipelines will be manufactured in the Group's flexible pipe plant in Le Trait, France. Vessels from the Group's fleet will be used for the campaign, including Apache II, Normand Pioneer and Wellservicer.

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