Technip Awarded a Five-Year Contract by BP Angola for Engineering and Modification Services

PARIS--(BUSINESS WIRE)--Regulatory News:

Technip (Paris:TEC) was awarded by BP Angola an important five-year contract* for engineering and modification services for the existing Greater Plutonio and Plutao, Saturno, Venus and Marte (PSVM) floating production storage and offloading (FPSO) units, located in Blocks 18 and 31 offshore Angola.

This contract follows the successful completion of a previous five-year contract for engineering services for the Greater Plutonio FPSO. This new award covers two FPSOs and involves not only engineering, but also procurement and management of offshore and onshore construction activities.

Technip’s operating center in Luanda, Angola will carry out the contract, which is scheduled for completion at the end of 2017.

Benoît Verdier, General Manager of Technip in Angola, stated: "We are pleased to be awarded this new project by our long-term client, as it will open up many additional opportunities in the Angolan marketplace. Thanks to this contract from BP and its partners, with the approval of concessionaire Sonangol, Technip in Angola is entrusted to deliver quality services. We will help BP keep its operations safe, compliant with regulations in place and reliable, while progressively strengthening Angola’s national content and business capabilities.”

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* For Technip, an “important” offshore contract is ranging from €100 to €250 million.

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