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Technip Wins Saudi, Kuwait Contract

Maritime Activity Reports, Inc.

February 14, 2012

Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is spread over onshore and offshore locations in two countries, Saudi Arabia and Kuwait. The objective of the project is to deliver a combination of lean gas, condensate and sour gas through a single 12” export pipeline from Al Khafji Joint Operations (KJO) facilities in Saudi Arabia to Kuwait Oil Company (KOC) tie-in facility,namely the Intermediate Slug Catcher being constructed under KOC Project No EF/1718 near Al-Ahmadi, Kuwait. The facilities will also assist KPC / KJO in achieving one of their primary targets of 1% flaring by reducing the gas flared and additionally monetize valuable hydrocarbon resources. Total export pipeline length is 110 kilometers, with 4 kilometers onshore in Saudi Arabia, followed by 47 km offshore and 59 kilometers onshore in Kuwait. Technip's operating center in Abu Dhabi will execute the project, which is scheduled to be completed by the second semester of 2014. Offshore installation will use the Comanche, one of the vessels which entered the Technip fleet with the acquisition of Global Industries.

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