Technip Wins Major Umbilical Contract for CLOV Development Offshore Angola

Technip announces that a consortium comprising two of its subsidiaries, Angoflex Ltda (owned jointly with Sonangol) and DUCO Ltd., has been awarded by Acergy Angola S.A. and Acergy West Africa S.A.S. major umbilical* contracts for the CLOV field development.

This field is located in Block 17 offshore Angola in water depths down to 1,410 meters. The development operator is Total E&P Angola.

The contracts cover the supply of 76 kilometers of dynamic and static production and water injection umbilicals, which will be manufactured at the Angoflex facility in Lobito, Angola. The umbilicals are scheduled for delivery in 2013 and will be the first to be delivered following the expansion of the plant capacity.

The expansion includes the installation of two large manufacturing carousels, an upgrade to the existing helical lay-up machine and the installation of a load-out path. This expansion will allow Angoflex Ltda to fabricate 100% of the CLOV umbilical workscope in its Lobito manufacturing plant. It constitutes a significant milestone in Angoflex shareholders’ objective to maximize Angolan content.

The award of the contracts continues Angoflex’s proven track record in the supply of umbilicals for deepwater Block 17 in Angola, including Dalia & Pazflor projects.

* Umbilical: an assembly of steel tubes which can also include electrical cables or optic fibres used to control subsea structures from a platform or a vessel.

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 21st 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.

Source:Technip, January  12, 2011;

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