Technip was awarded a 10-year master agreement by BP Exploration and Production, Inc. The agreement covers the design, procurement and construction of hulls and mooring systems for Spar(1) platforms to be located in the Gulf of Mexico, as well as the design of top tension risers(2) for dry tree units. This award follows a design competition and confirms Technip's leadership in Spar technology, secured over time through the construction of 14 of the 17 existing Spars worldwide.

Technip's operating center in Houston, Texas, will execute the agreement. It stipulates that the Spars will be fabricated at the Group's yard in Pori, Finland, where 12 of Technip's 14 Spars have already been manufactured.

Within the framework of this agreement, pre-front-end engineering design activity for the Mad Dog Phase II Spar has already begun. The front-end engineering design for this project is scheduled to commence in the second semester of 2011.

(1) Spar: a cylindrical, partially submerged offshore drilling and production platform that is particularly well-adapted to deepwater. (2) Riser: a pipe or assembly of pipes used to transfer produced fluids from the seabed to surface facilities.

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