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Technip Awarded Subsea Contract in Gulf of Mexico

Maritime Activity Reports, Inc.

March 1, 2012

Technip has been awarded a contract by Exxon Mobil Corporation for subsea equipment on the Hadrian South natural gas project in the Gulf of Mexico in approximately 7,500 feet (2,300 meters) of water. The project consists of a subsea tie-back to the planned Anadarko operated spar platform, Lucius(1). The contract covers project management, procurement and installation of two 7- mile-mile long flowlines(2) and associated jumpers, installation of a 9-mile umbilical(3), associated foundation and flying leads. Technip’s operating center, in Houston, Texas, will execute the contract. The flowlines will be welded at Technip’s spoolbase, located in Mobile, Alabama.

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