Divers gabarit 2007 EN - NORWEP

Offshore DevelopmentsNew challenges, New Strategies

France-Norway Oil & Gas Technology Partnerships Workshops

Jean-Marc LETOURNEL – Group SVP Offshore Business & TechnologyMay 28th 2015, Paris, France

Safe Harbor

This presentation contains both historical and forward-looking statements. These forward-looking statements are not based on historical

facts, but rather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words such as “believe”, “aim”, “expect”, “anticipate”, “intend”, “foresee”, “likely”, “should”, “planned”, “may”, “estimates”,“potential” or other similar words. Similarly, statements that describe our objectives, plans or goals are or may be forward-lookingstatements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actualresults, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied bythese forward-looking statements. Risks that could cause actual results to differ materially from the results anticipated in the forward-lookingstatements include, among other things: our ability to successfully continue to originate and execute large services contracts, andconstruction and project risks generally; the level of production-related capital expenditure in the oil and gas industry as well as otherindustries; currency fluctuations; interest rate fluctuations; raw material (especially steel) as well as maritime freight price fluctuations; thetiming of development of energy resources; armed conflict or political instability in the Arabian-Persian Gulf, Africa or other regions; thestrength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing; losses in one ormore of our large contracts; U.S. legislation relating to investments in Iran or elsewhere where we seek to do business; changes in taxlegislation, rules, regulation or enforcement; intensified price pressure by our competitors; severe weather conditions; our ability tosuccessfully keep pace with technology changes; our ability to attract and retain qualified personnel; the evolution, interpretation anduniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financialstatements as of January 1, 2005; political and social stability in developing countries; competition; supply chain bottlenecks; the ability ofour subcontractors to attract skilled labor; the fact that our operations may cause the discharge of hazardous substances, leading tosignificant environmental remediation costs; our ability to manage and mitigate logistical challenges due to underdeveloped infrastructure insome countries where we are performing projects.

Some of these risk factors are set forth and discussed in more detail in our Annual Report. Should one of these known or unknown risksmaterialize, or should our underlying assumptions prove incorrect, our future results could be adversely affected, causing these results todiffer materially from those expressed in our forward-looking statements. These factors are not necessarily all of the important factors thatcould cause our actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown orunpredictable factors also could have material adverse effects on our future results. The forward-looking statements included in this releaseare made only as of the date of this release. We cannot assure you that projected results or events will be achieved. We do not intend, anddo not assume any obligation to update any industry information or forward looking information set forth in this release to reflect subsequentevents or circumstances.

****

This presentation does not constitute an offer or invitation to purchase any securities of Technip in the United States or any other

jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The informationcontained in this presentation may not be relied upon in deciding whether or not to acquire Technip securities.This presentation is being furnished to you solely for your information, and it may not be reproduced, redistributed or published, directly orindirectly, in whole or in part, to any other person. Non-compliance with these restrictions may result in the violation of legal restrictions ofthe United States or of other jurisdictions.

Technip Offshore & Subsea, 2015 France-Norway O&G Workshops2

A word about the Technip Group



Technip Today

Energy is at the core of Technip

With Engineering, Technologies and Project Management, on land & at

sea, we safely and successfully deliver the best solutions for our

clients in the energy business

Worldwide presence with 40,000 people in 48 countries

Industrial assets on all continents, including a state-of-the-art fleet,

and world-class manufacturing plants

2013

Revenue: €9.3

billion

2014

Revenue:

€10.7 billion

Backlog:

€20.9 billion(as of February 2015)

2014 Order

Intake: €15.3

billion

Our Fleet

27 Vessels(21 in operation, 6 under

construction)

Our Plants 4 Flexible Plants

4 Umbilicals Plants

4 Spoolbase

1 Yard


Three Segments, One Technip

Design, manufacture and supply of

deepwater flexible and rigid

pipelines, umbilicals and riser

systems

Subsea construction, pipeline

installation services and Heavy Lift

Six state-of-the-art flexible pipe and /

or umbilical manufacturing plants

Five spoolbases for reeled pipeline

assembly as well as four logistic

bases

A constantly evolving fleet

strategically deployed in the world's

major offshore markets

Subsea Offshore Onshore Engineering, Procurement &

Construction services of

Fixed platforms for shallow waters

(Conventional, GBS & TPG 500)

Floating platforms for deep waters (Spar,

Semi-submersible platforms, TLP & FPSO)

Leadership in Floatover technology

(including the Unideck® technology)

Leadership in Floating Liquefied

Natural Gas (FLNG)

Construction yard

Gas treatment and liquefaction

(LNG), Gas-to-Liquids (GTL)

Oil refining (refining, hydrogen and

sulphur units)

Onshore pipelines

Petrochemicals (ethylene, aromatics,

olefins, polymers, fertilizers)

Process technologies (proprietary or

through alliances)

Biofuel and renewable energies

Non-oil activities (principally in life

sciences, metals & mining,

construction)

Technip delivers the best solutions across the value chain

A Worldwide Presence

(1) Former Duco

Evanton

Orkanger

Flexibras: Vitória

Flexibras: Açu

Macaé

Port of Angra

Pori

Asiaflex Products:

Tanjung Langsat

Flexi France:

Le Trait

Perth

Angoflex: Lobito

Dande

Technip Umbilicals(1) Inc

MobileHouston

Kuala Lumpur

Rome

London

4 Flexible Pipe Plants

4 Umbilicals Plants

1 Construction Yard

3 Logistic Bases

Regional Headquarters

Operating Centers

Technip Umbilicals(1) Ltd: Newcastle

Calgary

Claremont

WeymouthBoston

Port-Of-SpainCaracas

Bogota

Ciudad del CarmenMexico City

Accra Lagos

Lisbon

Barcelona

Warsaw

St. Petersburg

MoscowAntwerp

Lyon

Cairo

Athens

New Delhi

Mumbai Chennai

Abu Dhabi

Al-Khobar

Doha

Kuwait

Seoul

Shanghai

Jakarta Balikpapan

Miri

BangkokRayong

Ho Chi Minh City

St. John’s

Singapore

Aberdeen

Oslo

Rio de Janeiro

MarseilleParis

Frankfurt

Zoetermeer

Düsseldorf

Luanda

Stavanger


4 Spoolbases

A unique combination of operating centers, facilities and

plants allows us to remain close to our Clients’ operations

Technip Offshore Facilities Segment


Services

Floating Facilities

Fixed Facilities

Technip tackles all the challenges of the Offshore

Industry

Technip is a leading integrated company

in Project Management, Engineering,

Procurement and Construction for the

Energy Industry

To the Offshore Facilitites Industry,

Technip provides… Project management

Engineering

Procurement

Construction

Installation

Hook-up & Commissioning

For… Topsides (including FLNG & HP/HT)

Substructures (Fixed & Floating)

Modification & Brownfield works


Offshore Facilities: Our Products & Services

Conventional

Fixed Platforms

Self-Elevating

(TPG 500)GBS

FPSO Semi-Submersible Spar

Fixed Facilities

Floating Facilities

TLP

Artificial Islands

FLNG

Services

Floatover

Installation

HU&C –

Modifications

A complete range of Products, Technologies & Services

covering all demands


$60 barril, Project Delays, Cost Overruns: Consequences…


New context…

* Barclays, Goldman Sachs, City, Morgan Stanley, UBS, Deutsche Bank, Societe Generale

Oil Price Forecast: Analysts(*) Average Consensus ($/bbl)

Zoom on 2015 Brent Price Forecast ($/bbl)

66

81

61

75

40

60

80

100

120

Brent Yearly WTI Yearly

72

70

65

70

63

73

50

66

0 20 40 60 80

Average

Goldman Sachs 12 Jan 2015

Deutsche Bank 07 Jan 2015

City Research 05 Jan 2015

UBS 02 Jan 2015

Morgan Stanley 30 Dec 2014

Societe Gen 02 Dec 2014

Barclays 01 Dec 2014

84

Previous forecast

-9%

-25%

-22%

-10%

-5%

-1%

-2%

5%

-30% -20% -10% 0% 10%

IFP Oct 2014

Societe Gen. Nov 14

Morgan Stanley Nov 14

BoAML Dec 14

DB Dec 14

Jefferies Jan 15

Bernstein Jan 15

Barclays Jan 15

Zoom on 2015 Global E&P Capex Forecast

Global E&P Capex forecast ($B)

586

565628

697 733 696

875

2011 2012 2013 2014E 2015E […] 2020E

Sources: IFPEN 2014; Morgan Stanley Nov. 2014

2015: BoAML – Dec 14, Bernstein – Jan. 2015,

11% p.a. 3% p.a.

(5)%

(20)%

Oil Prices Expenditures


…New Rules

Understanding of the Cost Structure is key

Low Oil Price + Projects Size &

Complexity

CostOverruns

CAPEX Reduction

GreaterSelectiveness

For our Clients, a “Greater Selectiveness”…

Thourough assessment of their Upstream Assets Portfolio ROI & NPV are

drivers, rather than resources replacement

Avoid CAPEX underestimation leading to Cost Overruns

Many factors can explain Cost Overruns, with root causes at

Concept/FEED Stages…

FEED execution by others than the EPC contractor

Underestimated impact of complex production parameters & regulations

Client specifications limiting standardization & repeatability potential

Lack of interactions between the different contractors & suppliers


The answer of the industry could be one of or a mix of the following…

Collaboration Mode amongst the different actors of the EPC

industry has become an absolute must, to develop

streamlined & efficient execution plans

Early Engagement

Get involved at Concept Definition or FEED stage in order to engage Client & Partners on critical issues such

as equipment definition & specification

Simplification

NO COMPROMISE ON HSE

Focus on proven solutions to maximize cost and schedule

Identify possible improvements

Standardization

Identify areas (equipment, disciplines, SoW…) where standardization can be safely & reliably achieved

Improved efficiency through collaboration with manufacturers & fabricators

Repeatability

Enhance delivery process in term of Cost, Schedule, Safety & Quality


Technip maintains a continuous involvement in the field development process

Exploration AppraisalConcept

Selection & Definition

FEEDEPC &

InstallationOperation

De-commissioning

Exploration & Engineering

FID

Development1st

Oil/Gas Production

Discovery

Upstream Industry

Prod.

End

Being involved at early stage, from Concept Selection &

Definition, should allow a greater understanding of the project

challenges & the development of the best suited solution


One example: Technip’s leadership with Spar Hulls

Technip delivers fully-integrated EPC for Spar Hulls

Engineering, including Concept & FEED, in Houston, USA

Detail Design, Procurement & Construction in Pori, Finland

Classic

Truss

Cells

Integrated

EPC

Solution

Engineering

Procurement

Construction


A world-class delivery track record

Pori Yard Spar projects fabrication duration in months, from

Fabrication Start to Sail Away0 5 10 15 20 25

Perdido

Tahiti

Kikeh

Constitution

Mad Dog

Holstein

Gunnison

Horn Mountain

Boomvang

Nansen

Diana

Genesis

Neptune

Actual Fabrication Duration Contract Fabrication Duration

Umbilicals

(Power & control)

Electrically Trace

Heated Pipe-in-pipe

In-line Monitoring

Technologies

Integrated

Production Bundle

Broader Integrated Subsea Solutions at Conceptual Stage


Subsea Field Architecture

Proprietary Technologies

Integrating Technip subsea

proprietary technologies and

offshore platform know-how with

third party processing equipment to

provide innovative development

(1) (2)

Pre-FEED and FEED

Offshore field development studies

Innovative technology solutions for

platform and subsea challenges

Providing independent subsea architecture

development and component selectionImproving equipment and installation

converge in subsea architecture

Integrated Subsea Design

Integrated concept selection phase of

FEED, combining industry-leading

technologies

Innovative technology solutions from

Subsea Tree to Floater


Forsys Subsea, An Exclusive Alliance between FMC Technologies and Technip

• Life of field monitoring and surveillance, data analysis and advisory services

• Preemptive analysis of Integrated SURF* and SPS** enabling timely maintenance

• Maximize reliability and uptime providing the lowest total ownership cost available in the

industry.

• Seamless subsea infrastructure delivery from seabed to topside

• Integrated project planning and reduced interfaces

• Rationalize overall field layout, drive standards, development and integration of technology

• Leverage of SURF* products with Subsea Production and Processing equipment

• Topside selection and modification

• Design systems for improved field performance

Concept

Delivery

Beyond

Step change in design

Reduce complexity and time

Increased field performance

Reservoir

Development

Subsea Field

Development

SURF Field

Development

Topsides

Drilling &

Downhole

Completion

SURF***

Subsea

Production

Systems (SPS)Reservoir

Characterization

Concept

Selection

Tender

Preparation

LOF**

Surveillance

Plug and

Abandonment

Front End Engineering Project Execution*

Alliance Scope

* Covers engineering, supply, fabrication and installation

** Life of field surveillance and monitoring

*** Subsea Umbilicals, Risers and Flowlines

Topsides


Delivering Results through Integrated Collaboration

CAPEX cost savings examples:

EVDTs without tubing heads

Single active-heated production pipelines

No PLETs

Compact, block manifold

Subsea pig launching eliminating flowline between drill centers

Subsea pumps for seawater injection eliminating flowline

Topsides design optimization

Subsea equipment design fit for installation assets

Traditional Field

Integrated Approach

LOF cost savings examples:

Condition-based maintenance enabling the right

decisions to be made at the right time

Avoid costly unplanned failures

Increased asset efficiency and availability

Optimized use and selection of vessels

Take-Aways


HSE remains our industry’s utmost priority

We must not hold the Oil Price as the sole explaination of our industry’s

situation

EPC Contractors must focus on offering:

Predictability

Credibility

Affordability

In addition to Early Engagement, Collaboration between all the actors has

become mandatory:

SURF & SPS

Engineering, Equipment suppliers & Fabricators

Topsides & Subsea

Client & Contractors

A time of challenges for our industry.

From the Contractors & Solution Providers’ perspective, Early Engagement &

Collaboration give time & leverage to define the right solution, at the right

cost.

www.technip.com

Thank you

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