Technip-Coflexip Awarded $35 Million EPCI Contract

Technip-Coflexip has been awarded by Pioneer Natural Resources and Mariner Energy, Inc., an EPCI contract, valued in excess of $35 million, for the design, procurement, commissioning and installation of a pipeline system comprising 32 miles of 10" rigid pipe and hydraulic control umbilical between two subsea wells and the new Falcon's Nest Platform, in the Gulf of Mexico.

The Falcon field is located in East Breaks Blocks 573 and 623, in water depths of 389 - 3,475 feet.

The umbilicals will be fabricated by Technip-Coflexip at its DUCO manufacturing plant in Houston. Installation of the rigid pipe and the umbilicals will be completed by the CSO Deep Blue, the Group's new ultra deepwater pipelay and construction vessel in the fourth quarter of 2002.

Tim Sheehan, Vice President Gulf of Mexico, of the Technip-Coflexip's Offshore Branch stated: "This is an important project for Technip-Coflexip, it allows us to build on our EPIC capabilities in the Gulf of Mexico and develop a relationship with two key operators for this region."

Svein Eggen, President and CEO Gulf of Mexico, Atlantic Region of the Group's Offshore Branch stated: "The Falcon project is clear demonstration of the unique capabilities of the CSO Deep Blue which further strengthens its commitment to the Gulf of Mexico."

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