Paris, December 7, 2006

Technip has been awarded by Ecopetrol, Colombia’s State oil company, a project management consulting (PMC) contract worth approximately $50 million for the expansion of its refinery in Barrancabermeja, Colombia. The contract, on a unit rates and reimbursable (“cost plus fee”) basis, covers front end design, detailed engineering and procurement services for the process units, as well as supervision of contractors’ activities for engineering, procurement and construction (EPC).

Technip’s operations and engineering centers in Rome (Italy) and Bogotà (Colombia) will execute the contract.

The project includes:

• a 19,000 barrels per stream day (BPSD) gasoline hydrodesulphurization^(*) unit and a 57,000 BPSD diesel hydrodesulphurization unit (both based on Axens technology),
• a 19,000 million standard cubic feet per day hydrogen production unit (Technip KTI technology),
• a 55 tons/day sulphur recovery unit,
• a 110 tons/day tail gas treatment unit,
• a 500 gallons per minute (GPM) sour water stripper,
• a 30 GPM diesel/gasoline amine regeneration unit.

With a workforce of more than 21,000 people, Technip 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 and business units 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.