Paris, July 16, 2007

 

Technip has been awarded by Grupa Lotos S.A. a lumpsum turnkey contract worth approximately €472 million for the Gdansk Refinery in Poland.

Technip's operations and engineering center in Rome (Italy) will execute the contract. This is the third contract signed by Technip in Poland in the last few months, reinforcing the presence of the Group in this country.

The contract covers the engineering, procurement, and construction of a new 45,000 barrels per stream day mild hydrocracking unit, based on Shell Technology.

This project is part of Lotos' development strategy whose objective is to increase the throughput capacity of the Gdansk refinery by approximately 75%, bringing it to 10.5 million tonnes of crude oil a year.

The project is scheduled for completion in the fourth quarter of 2010.