Technip to Develop Nigerian Subsea Infrastructure

Technip has been awarded by Nigerian Agip Exploration Ltd. a lumpsum turnkey contract, worth approximately €75 million, for the development of the OYO oil field. This field is located off the coast of Nigeria in Block OML 120/121, at water depths reaching 410 meters.

The contract includes the engineering, fabrication and installation of close to 20 kilometers of flexible
production, water injection and gas injection flowlines(1) and risers(2), and the installation of close to 15 kilometers of umbilicals(3) supplied by the client.

Technip’s operating center in Paris, France, will execute this contract. The flexible flowines and risers will be fabricated by Technip’s Le Trait plant, France, one of the Group’s flexible pipe production facilities.

The offshore installation is scheduled for the summer of 2009 and will be carried out by the Constructor, one of the Technip’s pipelay and construction vessels. The award of this Subsea contract follows the execution of the ABO and ABO extension (ongoing) projects by Technip in Nigeria.