TECHNIP : awarded a key engineering contract for Mad Dog Phase 2 in the Gulf of Mexico

Regulatory News:

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.

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