Technip to Supply High Technological Flexible Pipes for Tupi BV Iracema North Pre-Salt Field

Confirming its expertise and innovation in deepwater and leveraging its new state-of-the-art manufacturing plant in Açu, Brazil.

PARIS--()--Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) was awarded a contract from Tupi BV, a consortium controlled by Petrobras Netherland BV (PNBV, 65%) and constituted also by BG (25%) and Galp (10%), for the ongoing development of the Iracema North field, located in the Santos Basin pre-salt area, Brazil.

Aiming to meet pre-salt challenges, the contract covers the supply of 114 kilometers of flexible pipes, including: gas lift, gas injection and gas export lines.

Technip’s operating center in Rio de Janeiro, Brazil, will perform the engineering and project management. The highly technological flexible pipes are designed to meet Petrobras’ requested service life for up to 30 years, sour service application, water depths of up to 2,500 meters and high pressures to inject gas in the reservoir (gas injection pipes). Delivery is scheduled to start in the first half of 2015.

The flexible pipes will be produced at Technip's manufacturing sites of Vitoria and Açu, the new state-of-the-art plant of the Group, which has already delivered its first products for the pre-salt developments in Brazil.

Adriano Novitsky, President of Technip in Brazil, commented: “This award confirms the flexible pipe as a reliable and optimized solution for the pre-salt challenging applications and Technips´ technological leadership in this business. It follows the flexible pipe supply contract awarded last year for the Iracema Sul field.”

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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.

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Contacts

Technip
Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
or
Laure Montcel, Tel. +33 (0) 1 49 01 87 81
E-mail: press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, Tel. +33 (0) 1 47 78 66 74
E-mail: kstewart@technip.com
or
Aurélia Baudey-Vignaud, Tel. +33 (0) 1 85 67 43 81
E-mail: abaudeyvignaud@technip.com
or
Michèle Schanté, Tel. +33 (0) 1 47 78 67 32
E-mail: mschante@technip.com
or
More information
Website http://www.technip.com
@TechnipGroup

Contacts

Technip
Public Relations
Christophe Bélorgeot, Tel. +33 (0) 1 47 78 39 92
or
Laure Montcel, Tel. +33 (0) 1 49 01 87 81
E-mail: press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, Tel. +33 (0) 1 47 78 66 74
E-mail: kstewart@technip.com
or
Aurélia Baudey-Vignaud, Tel. +33 (0) 1 85 67 43 81
E-mail: abaudeyvignaud@technip.com
or
Michèle Schanté, Tel. +33 (0) 1 47 78 67 32
E-mail: mschante@technip.com
or
More information
Website http://www.technip.com
@TechnipGroup