Technip Awarded Contract in Brunei, Reinforcing Its Presence in the Country

PARIS--()--Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been awarded a significant(1) contract by Total E&P Borneo B.V., covering engineering, procurement, supply, construction and commissioning (EPSCC). This project aims at the modification of the onshore facilities as well as the construction of a new onshore pipeline, in order to transport Maharaja Lela & Jamalulalam South (MLJS) gas to the Brunei Liquefied Natural Gas (BLNG) plant.

The onshore modification work includes:

  • de-bottlenecking of the processing plant to enable handling up to 5 million cubic meters per day (annual average) from the greater MLJ field,
  • associated assistance in start-up and performance test.

Technip’s operating center in Kuala Lumpur, Malaysia will execute the contract with support from the office of the Group based in Brunei. The project is scheduled for completion in the second half of 2015.

Lim Kwee Keong, Senior Vice President of Technip in Asia Pacific, stated: “Following the front-end engineering design that we have completed in 2012, Technip was keen on undertaking the EPSCC contract. Vital for the brownfield tie-in of the MLJS project, our familiarity with the onshore facilities has made the difference and gave us leverage in this much sought-after development.

(1) For Technip, a “significant” onshore contract is ranging from €50 to €100 million.

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Technip is a world leader in project management, engineering and construction for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex Offshore and Onshore infrastructures, our 40,000 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all continents and operates a fleet of specialized vessels for pipeline installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and ADR is traded in the US on the OTCQX marketplace as an American Depositary Receipt (OTCQX: TKPPY).

Contacts

Public Relations
Floriane Lassale-Massip: +33 (0) 1 47 78 79 32
press@technip.com
Laure Montcel: +33 (0) 1 49 01 87 81
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart: +33 (0) 1 47 78 66 74
kstewart@technip.com
http://www.technip.com

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Contacts

Public Relations
Floriane Lassale-Massip: +33 (0) 1 47 78 79 32
press@technip.com
Laure Montcel: +33 (0) 1 49 01 87 81
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart: +33 (0) 1 47 78 66 74
kstewart@technip.com
http://www.technip.com