Technip wins contract for the Pohokura Project in New Zealand

Shell Todd Oil Services Ltd. (STOS), on behalf of the Pohokura joint venture, has awarded Technip a significant contract for the supply and installation of flexible lines and umbilicals, and the installation of the wellhead platform of the Pohokura gas development project in New Zealand.

Shell Todd Oil Services Ltd. (STOS), on behalf of the Pohokura joint venture, has awarded Technip a significant contract for the supply and installation of flexible lines and umbilicals, and the installation of the wellhead platform of the Pohokura gas development project in New Zealand.

The Pohokura gas field lies in 35 m of water in block PMP 38154 northeast of New Plymouth in the Taranaki basin.

The Pohokura gas development project includes a wellhead platform, a subsea pipeline from the wellhead platform to the coast, and an onshore gas plant near New Plymouth.

Technip's engineering center in Perth (Australia) will carry out the contract and provide the supply and installation of 11.5-in. flexible pipe and umbilical and service line, as well as the installation of the wellhead platform. Technip will also handle the management of various subcontracts including horizontal directional drilling at shore approach. The flexible lines and umbilicals will be manufactured at Technip's facilities in Le Trait, France, and in Newcastle, UK, respectively.

TheVenturer, one of the group's dynamically positioned vessels, will perform the offshore construction in 2006.

Shell Todd Oil Services Ltd. operates the Pohokura Project on behalf of the JV parties, OMV 26%, Shell Exploration NZ Ltd. 30%, Shell (Petroleum Mining) Co. Ltd. 18%, and Todd Pohokura Ltd. 26%.

12/21/04

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