Technip awarded contract for Luva field developmen

Technip was awarded a lump sum front-end engineering design (FEED) contract by
Statoil ASA for the development of the Luva floating platform, offshore Norway, at a
water depth of approximately 1300m.

The contract covers the design and planning for procurement, construction and
transportation of a Spar hull and the mooring systems as well as the design of the
steel catenary risers. The award builds on the study work (including pre-FEED) that
has been ongoing since early 2010 to document the suitability of a Spar platform in
Norwegian waters.

This award confirms Technip’s leadership in the design of Spar platforms, mooring
systems and steel catenary risers, and further confirms that the Spar continues to be
the platform of choice for certain developments, not only in Gulf of Mexico and the
Far East, but also in new basins, in this case the Norwegian Sea.

Technip’s operating center in Houston, Texas will execute the contract in cooperation
with the Technip operation centers in Norway and Finland, further highlighting
Technip’s strength of executing projects using multiple engineering centers.

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