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Technip Awarded Contract for the Nord Stream Project in the Baltic Sea

18 March 2010

Technip has been awarded by Nord Stream AG a frame contract, worth approximately €35 million, for the Nord Stream project in the Baltic Sea.

Technipís operating center in Stavanger, Norway will execute this contract.

The contract covers four tie-ins on the two parallel pipelines that will run through the Baltic Sea, from Vyborg in Russia to Lubmin in Germany crossing Russian, Finnish, Swedish, Danish and German waters. The pipelines will have a total length of approximately 1,220 kilometers.

The subsea tie-in operations will be performed using the PRS and the Skandi Arctic, one of the diving support vessels from Technipís fleet, and are scheduled for mid-2011 for the first pipeline, and mid-2012 for the second one.