Paris, December 22, 2006

Technip, through its wholly-owned subsidiary Duco Inc. based in Houston (Texas), has been awarded a contract by Shell Offshore Inc. for the umbilicals* needed for the development of the Great White, Tobago and Silvertip fields.

The contract is for the engineering and manufacture of a total of four dynamic umbilicals, three static umbilicals, two steel tube flying leads with associated topside and subsea hardware and a pre-production prototype length. Total umbilical length is approximately 53,466m.

Prior to manufacture of the main umbilicals for the project, Duco will build a prototype umbilical that will be subjected to a series of qualification tests to prove the design for this ultra-deepwater project.

The Great White, Tobago and Silvertip fields will be developed via a Perdido regional development host, located in Alaminos Canyon, offshore Gulf of Mexico, approximately 200 miles south of Freeport (Texas). Moored in about 8,000 feet of water, the DVA (direct vertical access) spar will be the deepest spar production facility in the world. This spar was the subject of a contract already awarded to Technip for construction in its yard in Pori (Finland).

First production from Perdido is expected around the turn of the decade.

* Umbilical: an assembly of hydraulic hoses which can also include electrical cables or optic fibres, used to control subsea structures or remotely operated vehicles (ROV) from a platform or a vessel.

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.