Paris, July 29, 2008

Technip announced today that it has been awarded a major contract for the engineering, procurement of equipment, construction and installation (EPCI) of subsea flowlines^*. The contract is a framework agreement with call-off services in support of a major development program in offshore West Africa. Technip has signed the first call-off contract under the frame agreement with an estimated value of €300 million.

Further information regarding the contract award will be released at the earliest opportunity, upon client’s approval.

^* Flowline: flexible or rigid pipe laid on the seabed for the transport of production or injection fluids.