Technip awarded a Marine Well Containment System contract in the United States

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

Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded a contract by ExxonMobil, on behalf of the Marine Well Containment Company (MWCC), to design an emergency response system that will be available to contain oil in the event of a potential future underwater well incident in the deepwater Gulf of Mexico.

The contract covers front-end engineering design (FEED) of the subsea components (equipments, umbilicals, risers and flowlines) of the Marine Well Containment System. This system will be designed such that it could be mobilized within 24 hours after an incident and fully deployed within weeks.

Technip’s operating center in Houston, Texas will execute this contract, which is scheduled to be completed in the first quarter of 2011.

ExxonMobil is leading the engineering, procurement and construction of the system on behalf of its co-venturer partners Chevron, Shell and ConocoPhillips.

° °

Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.

With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21^st century.

Present in 48 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.

° °

Contacts

Technip
Public Relations
Christophe Belorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
or
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
http://www.technip.com