Technip Wins Alvheim Contract from Marathon

Technip has been awarded by Marathon an EPCI (engineering, procurement, construction, installation and commissioning) contract worth approximately 130 million euros for the installation of the sub sea system for the Alvheim field on the Norwegian Continental Shelf. The contract includes design and supply of all line pipes, flexible pipes, umbilicals, riser bases and manifolds. The installation work is scheduled to take place during summer 2006.

Technip Offshore Norge AS, based in Oslo (Norway), will perform the contract's project management and engineering. The flowlines will be fabricated at the Group's welding base either in Evanton (UK) or Orkanger (Norway). The flexible risers and umbilicals will be manufactured at Technip's facilities in Le Trait (France), and in Newcastle (UK) respectively.

Several vessels from Technip's fleet will undertake the offshore operations: the Apache for the pipe lay, the Deep Pioneer for structures installation and the Wellservicer for spools installations and tie-ins.

Marathon Petroleum Company (Norway) acts on behalf of Marathon Petroleum Norge AS, which holds a 65% interest in the Alvheim development and serves as operator. Marathon's co-venturers are ConocoPhillips AS with a 20% working interest and Lundin Norway AS which holds the remaining 15%.