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Combining Offshore & OnshoreTechnologies To Create New Solutions

G. Christopher WeltonVP of Investor Relations

Oil Services: Technology and New DevelopmentsMerrill Lynch

London -1 July 2005

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I. TECHNIP OVERVIEW

II. OFFSHORE: DEEPWATER

III. ONSHORE: LNG

IV. OFFSHORE LNG

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I. TECHNIP OVERVIEW

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TECHNIP TODAY

Europe’s leading oil services E&C

companyBest-positioned to capture current highgrowth in key oil & gas industry marketsegments:

Deep OffshoreLNGNon-conventional oil

Disciplined project bidding

Lump-sum turn-key (LSTK) contractspecialist

Balance sheet geared for more than a fewsuccesses in mega-project market

Listed on Eurolist by Euronext TM andNYSE

OFFSHORE:

SubseaConstruction

• Facilities

• Flexible Mfring.

ONSHORE:

Gas, LNG, GTL

Petrochemicals

Refining /Hydrogen

OnshorePipelines

INDUSTRIES:

• Lifesciences/Chemicals• Metal & Mining

• Power &Infrastructures

46 %46 %

Share 2004 Consolidated Revenues

5%5%

49%49%

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GLOBAL NETWORK OF ENGINEERING CENTERS, YARDS & PLANTS

Technip in the world: 19,000 people

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MAJOR AWARDS EXPECTED BY TECHNIPAND COMPETITION IN NEXT 12 MONTHS

XLETHYLENERas Laffan (Qatar)

XLETHYLENE YANBUSABIC (S. Arabia)

LCAMAU Fert. (Vietnam)

XLQAFAC (Qatar)

XLETHYLENE SHARQSABIC (S. Arabia)

XLPIC Aromatic (Kuwait)

L ATC Aromat. (Thailand)

LPETRONAS Methanol(Malaysia)

XLRABIGH ref 1&2(S. Arabia)

ECOPETROL HDT(Colombia)

ETHYLENE DOW/PIC(Kuwait)

REF./PETROCHEM.

L

L

XXLQATARGAS III & IV

XLKHARG (Iran)

XLGASCO AGD 2 (UAE)

XXLRASGAS III (Qatar)

LHARWEEL (Oman)

XLPDVSA (Venezuela)

XLYEMEN LNG

XLSKIKDA LNG (Algeria)

XXLPEARL GTL(Qatar)

LFREEPORT LNGTerm. Ext. (USA)

GAS/LNG

TECHNIP POTENTIAL SHARE

> €1,000m€500m to €1,000m€200m to €500m

XXLXLL

LMALLORCA PIPELINE(Spain)

LUMM SHAIF (UAE)

LTERANG/SIRASUN 2(Indonesia)

LMOHO BILONDO(Congo)

LEKOFISK (Decom.)(Norway)

XL AGBAMI SURF(Nigeria)

JUBARTE P-57 (Brazil)

TAHITI SPAR (GoM)

BOSI EPS (Nigeria)

OFFSHORE

L

L

L

LOI

LOI

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II. OFFSHORE: DEEPWATER

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Sea Floor Sea Floor

SUBSEA PIPELINES: DEEPWATER CHALLENGE

Hydro-StaticPressure

WeightLoad

Thermal LossThermal Loss

Installation

FPSO

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SUBSEA INSTALLATION FILM

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SPECIALISED SUBSEA APPLICATIONS: IPB

Thermal Insulation

ExternalSheath

Heating Cables

Gas Injection Tubes

Classic Pipe12” Dia.

"INTEGRATED PRODUCTION BUNDLE"New Technology Developed by Technip

First Use on Dalia Project

10

TM

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SPECIALISED SUBSEA APPLICATIONS: HYBRID RISERS - HySR TM

Created for subseaapplications

Elimination of stress causedby FPSO movement on risers

Movement separation betweenFPSO and risers

Reduced SCR fatigue at seabottom touchdown point

Allows pre-installation of risersprior to FPSO on-site arrival

Steel CatenaryRisers (SCR)

Steel CatenaryRisers (SCR)

LimitedHorizontalMovementLines

LimitedHorizontalMovementLines

Anchor Tension Lines

Flexible Jumpers

To FPU

To SubseaWellsTo SubseaWells

Subsea Buoys

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III. ONSHORE: LNG

LIQUEFIED NATURAL GAS (LNG)

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LIQUEFIED NATURAL GAS (LNG)

REGASIFICATION TRANSPORT(-160°C )

NATURAL GASPRODUCTION GAS TREATMENT& LIQUEFACTION

2002 2030

150

680

FORECAST (Gm3

/y)

+350%

Sources: IAE World Energy Outlook 2004

LNG MARKET: TECHNIP

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LNG MARKET: TECHNIP

25% partner in Nigeria LNG trains

50% partner in QATARGAS Irevamping

40% partner in QATARGAS II, largestever LNG contract (USD 4 bn)

2005 Freeport LNG ReceivingTerminal (USA)

26% of YE 2004 Group backlog

Technip proprietary LNGtechnologies:

Nitrogen Removal EfficiencyIncreased LNG ProductionNGL Extraction (Cryomax TM)LNG Transfer Systems

After major breakthroughs in 2004,Technip’s LNG business is rapidlyexpanding, mainly in the Mid East

TECHNIP’S LNG BUSINESS

Qatargas II Project Site

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III. OFFSHORE LNG

OFFSHORE LNG

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OFFSHORE LNGBreakthrough technologies in LNG:

cryogenic flexible hose and pipe-in-pipe

offshore liquefaction trainsoffshore receiving terminals

OFFSHORE LNG

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Aerial flexible hose

Tested and certified

Internal tube in corrugated 304L

Polyester fibre amours & spirals

Polyethylene Foam Insulation

Sheaths: Kevlar-reinforced ethylenepropylene

Cryogenic Flexible Hose

OFFSHORE LNG

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OFFSHORE LNG

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OFFSHORE LNG

Examples of ApplicationNear-shoreOpen sea

Cryogenic Flexible Hose

OFFSHORE LNG

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Invar Inner Pipe

Aspen AerogelThermal Insulation

Cryogenic Pipe-in-Pipe

Anti-Corrosion Coating(3-layer Polyethylene)

Multi-foilReflective Layer

Spacers

Carbon SteelCarrier Pipe

Main Benefits :

straight in-line arrangement

minimum pipe length withfavourable impact onpressure drop, heat ingress

robustness and long termintegrity due to mechanicalprotection & gas tightness(moisture) ensured by outer CS pipe

insulation performance :material selected only onthermal insulation criteria

Annular Space filled withNitrogen

OFFSHORE LNG

OFFSHORE LNG

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Remote Transfer

LNG Carrier SPM(CALM Type)

Subsea Cryogenic Line(Technip's Pipe-in-Pipe)

LNG FPSO

Cryogenic Pipe-in-Pipe

OFFSHORE LNG

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Liquefaction on Gravity Base Structure

6-tank arrangement : 200,000 m 3 overall capacity

Large integrated deck : 30,000 t, 4 levels

OFFSHORE LNG

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New Concept of Reception Terminal

Storage capacity : 200 000 m3

Regasification : 6 Bsm 3 /year

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Combining Offshore & OnshoreTechnologies To Create New Solutions

G. Christopher WeltonVP of Investor Relations

Oil Services: Technology and New DevelopmentsMerrill Lynch

London -1 July 2005

TRADING TECHNIP

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ISINFR0000131708

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