Technip awarded umbilical supply contract by ENI; Terms Not Disclosed

Technip's

wholly-owned subsidiaries Technip Umbilicals Ltd.(1) and Angoflex Ltda. have been awarded a contract by ENI S.p.A.

to supply umbilicals to the Block 15/06 East Hub Development offshore Angola. This field is located approximately 350 kilometers north of Luanda, at water depths of 450-600 meters. The contract covers project management and manufacture of about 15 kilometers of dynamic and static steel tube umbilicals. Technip Umbilicals facility in Lobito, Angola, with support from Technip Umbilicals in Newcastle, UK, will manufacture the umbilicals that are scheduled to be completed in the second half of 2016. This project