Technip Offshore Wins Pipeline Contract

Technip Offshore Contractors Inc., formerly Coflexip Stena Offshore Inc., a U.S. entity of Technip-Coflexip has been awarded by BP America Production Company the fabrication and installation of a deepwater subsea pipeline for their King West Development. The King West well is located in Mississippi Canyon Block 84 in the Gulf of Mexico. The planned field layout for this development consists of one subsea well located in MC 84, tied back to an existing in-line subsea tie-in base associated with the producing King Subsea Flowline System. The pipeline installation is scheduled for April 2003, utilizing Technip-Coflexip's ultra deepwater pipe laying vessel the CSO Deep Blue, thus employing the reel method to quickly deploy the subsea pipe-in-pipe flowline system, and fabricating the pipe stalks (5000 feet lengths) onshore off the critical path. Tim Sheehan, Vice President of Technip Offshore Contractors Inc. stated: "We are delighted to have secured this work and continue our relationship with BP. This award clearly demonstrates the ability of the CSO Deep Blue Vessel to provide solutions for all sizes of projects."