Statoil Awards Technip Brazil Frame Agreement

After a competitive tender process, Technip has been awarded by Statoil Brasil Oleo & Gas Ltda. a frame agreement for engineering studies. The scope of this 3-year contract covers feasibility, concept and front-end engineering design studies for Statoil's existing offshore production fields and future developments in Brazil.

All work will be performed by Technip's operating center in Rio de Janeiro, Brazil with support from the Group's European centers, and will achieve a minimum 60% of local content.

This award reinforces Technip's leading position as engineering services supplier to the Brazilian market where the Group previously carried out similar feasibility, conceptual and front-end engineering design projects for Petrobras, OGX, OSX and Maersk.