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    Technip invests for the pre-salt developments in Brazil

    Company News // February 3, 2011

    Technip has announced a new investment project to expand its flexible pipe manufacturing footprint in Brazil adding capacity for additional volume and high-end products.

    The significant development of Brazil's hydrocarbon reserves in recent years has driven huge growth in the demand for flexible pipes for infield flowlines and risers. Currently there are several thousand kilometres of flexible pipes in service in Brazilian oilfields.

    The pre-salt developments will increase the demand for flexible pipes, both for flowline and riser applications requiring additional capacity and technological capabilities. It is essential that this increasing demand is met locally, to the benefit of the Brazilian economy.

    Technip began working with the relevant authorities to obtain approvals to construct a new manufacturing complex at its Angra dos Reis site. This site was acquired by Technip in 2009 and is strategically located in front of the pre-salt basins. It played a critical part in the logistics of the Tupi gas export project successfully executed in 2010.

    The new manufacturing site will focus on high-end products, such as Integrated Production Bundles (IPBs) which are products unique to Technip.

    The investment process will start in 2011 with preparing the construction site costing an estimated 30 million. Additional phases will follow upon completion of discussion with clients tailored to their technological needs.

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