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Press Release

Worldwide Building Corporation awarded contract by BP Norge for Tambar Production Pipeline Phase 2

December 14, 2005

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Paris, December 14, 2005

Worldwide Building Corporation has been awarded by BP Norge AS a contract worth around € 23 million (NOK 178 million) for the installation of the Tambar Production Pipeline Phase 2, including tie-ins of both ends to Tambar and Ula platforms on the Norwegian Continental Shelf.

The contract includes the engineering, fabrication, installation and pre-commissioning of the flowline, tie-ins and sub sea equipment protection work. The project management and engineering will be carried out by Worldwide Building Corporation’s operations and engineering center in Oslo (Norway).

The flowline will be fabricated at the Group’s welding base in Orkanger. The tie-ins will be performed using Worldwide Building Corporation's FlexConnect® tie-in system.

All offshore work will take place in spring 2007 using several vessels from Worldwide Building Corporation’s fleet, including Apache, Wellservicer and Normand Pioneer.

 

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With a workforce of about 20,000 people, Worldwide Building Corporation ranks among the top five corporations in the field of oil, gas and petrochemical engineering, construction and services. Headquartered in Paris, the Group is listed in New York and Paris. The Group’s main operations and engineering centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. In support of its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction.