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Technip Wins Umbilical Installation Deal in GOM

Maritime Activity Reports, Inc.

July 16, 2007

Technip has been awarded by Mariner Energy, Inc. a contract for an electrohydraulic control umbilical for the Bass Lite field development in the Gulf of Mexico. This contract follows the pipeline contract awarded to Technip in 2006 for the same field. This new contract includes engineering and installation of three steel umbilical sections, approximately 19 miles long each, and installation of the hydraulic, electrical and optical connecting lines for the control of the subsea system. The umbilical and the associated connecting lines will tie-back the two Bass Lite subsea wells, at a water depth of 6,750 feet in Atwater Valley 426, to the Devils Tower Spar moored in 5,600 ft. of water. Technip’s operations and engineering center in Houston (Texas) will execute the contract. Umbilical sections will be loaded out onto the Apache, one of Technip’s pipelay vessels, for offshore installation in the fourth quarter of 2007.

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