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Technip signed several agreements with DOF

Technip has signed agreements with Norwegian ship owner, DOF, which provide commitments with respect to 2 of its new build vessels.

First, Technip is teaming up with DOFCON, a subsidiary of DOF, for the joint ownership and management of its new build DP III DSV. This vessel will be mostly dedicated to the support of the Statoil frame agreement signed with Technip for diving, pipeline repair, contingency and modification services. Her delivery is due in end 2008 and she will be the most modern diving support vessel in the world.

Second, Technip has signed an 8 year charter agreement for a new build DPII diving support vessel (DSV). The vessel, which will operate mainly in the UK Continental Shelf, is due for delivery in Q3 2007.

In addition, Technip confirms that the Group entered a Memorandum of Understanding (MOU) for the joint marketing of the subsea construction vessel built by DOF in Brazil.



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