GLOBAL ENGINEERING

Philippe GRASSETVP Engineering Technip France

INVESTOR DAY, PARIS, FRANCE - October 22, 2004

183Investor Day – 22 October 2004

I. STATEMENTS & OBJECTIVES

III. WHERE DO WE STAND?

II. MEANS OF GETTING GLOBAL

184Investor Day – 22 October 2004

I. STATEMENTS & OBJECTIVES

1. ENGINEERING PHASES

2. GLOBAL ENGINEERING

185Investor Day – 22 October 2004

BASIC DESIGNè Process

design

1 - ENGINEERING PHASES

FRONT END ENGINEERING DESIGNè Cost estimate +/- 20 %

DETAILED ENGINEERING DESIGNè 70 % developed by

Moderate & Low cost centers

186Investor Day – 22 October 2004

2 - GLOBAL ENGINEERING

Technip Corporate vision and mission statement:

“Be the most respected engineering and construction contractor in the world and become by 2010 the best performing one, by providing to our Clients optimal solutions through dedication, expertise and technological innovation.”

Proven and historical best engineering practices:

Over 40 years of experience in the design of large industrial facilities, oil & gas or petrochemical plants world wide,

A wide range of state of-the-art technologies.

GLOBAL ENGINEERING STRATEGY

187Investor Day – 22 October 2004

II. MEANS OF GETTING GLOBAL

1. MAIN CENTERS OF EXPERTISE

2. GLOBAL NETWORK

3. COST PER MAN-HOUR

4. SEAMLESS ENGINEERING

5. PROVEN EXECUTION PLANS

188Investor Day – 22 October 2004

1 – MAIN CENTERS OF EXPERTISE

Onshore Process Conceptual

Onshore Process Conceptual

SPARSPAR

Industries, InfrastructuresIndustries, Infrastructures

Polyethylene,PolypropylenePolyethylene,Polypropylene PTAPTA

EthyleneEthylene

Gas-To-LiquidsGas-To-Liquids

Liquefied Natural GasLiquefied Natural Gas

RefiningRefining

Paris, Rome, Kuala Lumpur

Paris

Rome

Le Trait (France), Rio,Aberdeen, Oslo, Perth

Paris, Rome, The HagueLos Angeles (furnaces)

Genesis (UK), Seal (France)

Houston

SURFSURF

Offshore ConceptualOffshore Conceptual

RomeLyon (France)

Paris, Rome

Paris, Rome

189Investor Day – 22 October 2004

2 - GLOBAL NETWORK OF ENGINEERING CENTERS

BogotaCaracas

Abu DhabiChennaï Bangkok

170300

1,030650 140

Shanghaï

470

Global engineering networks provides enhanced competitiveness on projects

Staff by Location

Aberdeen + Oslo2,640

Rome1,500 Amsterdam

+ Düsseldorf680

Kuala-Lumpur1,000

Rio1,800

Houston2,800

PARIS3,500

A powerful tool to:Manage fluctuating workloadsProvide high competenceand experiences cross-fertilizationMitigate currency exposure

190Investor Day – 22 October 2004

3 - COST OF ENGINEERING MAN-HOURS PER LOCATION

0 10 20 30 40 50 60 70 80 90 100 110 120 130

USA

Germany

France

UK

Benelux

Italy

Abu Dhabi

Malaysia

Shangaï

Colombia

Brazil

India

TP France index 100

in %

191Investor Day – 22 October 2004

4 - SEAMLESS ENGINEERING

Same tools, procedures, systems, standards plus dedicated data links for communications, file/database interchange, job control

Short-term secondment early in the project and ad hoc monitoring visits

Expatriate assistance during detailed engineering execution

Continuous engineering monitoring by the project engineering management team located in the main operating centers with permanent follow-up

Implementation of project engineering reviews

192Investor Day – 22 October 2004

5 - PROVEN EXECUTION SCHEME

TECHNIP FRANCE:è center of gravity of the project

managementè overall coordinationè process design è process units detailed design

DIT Harris (Venezuela):è detailed engineering design:l Utilitiesl Offsites l Water treatment

SINCOR

Heavy oil processing

Client: Sincor (PDVSA, Total, Statoil)

800,000 engineering man-hours

France

Caracas

JoseSite

193Investor Day – 22 October 2004

6 - OPTIMIZED ENGINEERING EXECUTION

TECHNIP FRANCE:è project managementè overall coordinationè process engineering

TECHNIP GERMANY:è onshore pipelines

TECHNIP ABU DHABI:è detailed design experienceè local operations center

TECHNIP INDIA:è detailed engineering

France

Onshore field developments

Client: ADCO

800,000 engineering man-hours

NEB

Germany

India

Abu Dhabi

194Investor Day – 22 October 2004

III. WHERE DO WE STAND?

1. TECHNIP POSITION

2. GLOBAL ENGINEERING BENEFITS

195Investor Day – 22 October 2004

1 - TECHNIP POSITION

PROVEN EXPERIENCE & ORGANIZATION

è Offshore / Onshore / Industriesè From FEED to detailed engineering designè World coverage with main operation centers supported by moderate and

low cost centers

GLOBAL ENGINEERING managed through the “IE4C”: International Engineering & Construction Centers Coordination Committee

è Engineering discipline networksè IT global agreements with engineering tools providersè College of Experts

ENGINEERING NETWORK fully integrated with PROCUREMENT and CONSTRUCTION thanks to world-class IT tools: Marian, Janus,epc-business

196Investor Day – 22 October 2004

2 - GLOBAL ENGINEERING BENEFITS

ENGINEERING RESOURCESè Use of moderate and low cost engineering centersè Very powerful tool for integration and mobility

TIMEè Overall flexibility in project engineering executionè On-line information available to all operation centers

QUALITYè Best engineering practicesè Quality management system

COSTè Competitiveness with global engineering network

CLIENT BENEFIT: local access to world-class engineering competencies and expertise