Technip Wins Oselvar Field Development Contract

Technip has been awarded by DONG E&P Norge AS an engineering, procurement, construction and installation lump sum contract, worth in excess of EUR45 million, for the Oselvar field development. This field is located on the Norwegian Continental Shelf, 250 kilometers offshore Norway, at a water depth of 72 meters.

The contract covers turnkey delivery of an approximately 27 kilometer-long pipe-in-pipe flowline, installation of an umbilical and subsea equipment and tie-ins.

Oselvar is the first major Subsea contract awarded to Technip by DONG. It will be executed by the Group's operating center in Oslo, Norway. Offshore installation is scheduled to be carried out in 2010 and 2011.

The Production License No PL 274 and 274CS (Oselvar) Owner Group consists of Norwegian Energy Company ASA (NORECO), Bayerngas Norge AS and DONG E&P Norge AS (operator).