Technip (Paris:TEC) (ISIN:FR0000131708) was awarded a front end
engineering design (FEED) contract by BP Exploration & Production Inc.
This contract covers the design of a Spar* hull and mooring
systems for the Mad Dog Phase 2 Project, located near Green Canyon Block
825 in the Gulf of Mexico.
This first award comes under the framework of the 10-year Spar platform
master services agreement signed in 2011.
The Mad Dog Phase 2 Spar will be located near the first Mad Dog Spar
delivered by Technip for BP in 2004, and installed on Green Canyon 782.
Detailed engineering for the new Spar is scheduled to start during the
second half of 2012.
Technip's operating center in Houston, Texas, will execute the contract
with support from the center in Pori, Finland.
* Spar: a cylindrical, partially submerged offshore drilling
and production platform that is particularly well-adapted to deepwater.
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 30,000 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 the
USA over-the-counter (OTC) market as an American Depositary Receipt
Christophe Bélorgeot, +33 (0)
1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
Vandier, +33 (0) 1 47 78 60 74