Technip Awarded a Three-Year Contract by Total E&P Angola for Engineering Services

Regulatory News:

Technip Angola Engenharia Limitada, a joint venture between Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) and Sonangol, was awarded by Total E&P Angola a three-year engineering services contract. This contract covers services for the existing Girassol, Pazflor, Dalia and CLOV floating production storage and offloading (FPSO) units and associated subsea field development. These FPSOs are located in Block 17, offshore Angola.

The scope of work can comprise engineering, technical assistance, management, supervision and coordination, as well as procurement-related activities.

Technip Angola Engenharia Limitada will carry out the contract, which is scheduled for completion at the end of 2018.

Hallvard Hasselknippe, President Subsea of Technip, commented: "We have been entrusted by Total E&P Angola to deliver quality engineering services. It is the result of our sustainable presence in Angola with skilled engineering resources and comprehensive knowledge of our client’s technical referential and working methods. This contract reinforces our activity in Africa, an area with good dynamics. It also fits into our strategy to engage with our clients at early stages of their projects and build on long-lasting successful relationships.”

Fast Facts

About Technip in Angola

As a local partner focused on onshore, offshore and subsea engineering solutions, Technip’s activities in Angola include:

• engineering services through Technip Angola Engenharia Limitada, the first engineering company in Angola, a joint venture between Sonangol (40%) and Technip (60%),
• umbilical manufacturing with Angoflex Limitada, created in 2002, through an association between Sonangol (30%) and Technip (70%),
• a reeled steel pipe spoolbase with Angoflex Limitada, inaugurated in 2006 and located in Barra do Dande, North of Luanda.

More information on: http://www.technip.com/en/entities/angola/profile

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 close to 34,400 people are constantly offering the best solutions and most innovative technologies to meet the world’s energy challenges.
Present in 45 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 Euronext Paris exchange, and its ADR is traded in the US on the OTCQX marketplace as an American Depositary Receipt (OTCQX: TKPPY).

More information

Website http://www.technip.com
@TechnipGroup

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