Technip to Commence Construction Work at Heidelberg Spar

Technip received instructions from Anadarko Petroleum Corporation to begin the engineering, construction and transport of a 23,000-ton Truss Spar hull for the Heidelberg field development. This field is located in the U.S. Gulf of Mexico, at a water depth of 5,310 feet (1,620 meters).

The Letter of Intent allows Technip to begin construction work on the project and other early works including purchase of long-lead items for the hull and start of fabrication, in advance of the expected project sanctioning around mid-2013, after which it will enter into Technip's backlog.

The Heidelberg Spar will have a capacity of more than 80,000 barrels of oil and 2.3 million cubic meters of natural gas per day.

Technip's operating center in Houston, Texas will provide the overall project management and engineering. The detailed hull design and fabrication will be carried out by Technip's construction yard in Pori, Finland where most of Technip's Spar projects have been manufactured.

"Technip is really proud to have received this Letter of Intent. Not only does it strengthen our long-lasting relationship with Anadarko but it also confirms its continuous trust in the Group's extensive know-how and expertise in Spar technology. After Lucius, awarded last year and currently being built in our yard in Pori, Heidelberg will be the 8th Spar delivered by Technip to Anadarko," Technip's Senior Vice President of North America Region David Dickson declared.

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