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  • Subsea Marketand Strategy

    Christophe ArmengolVice President, Subsea Strategy and Market AnalysisMarch 30, 2010

  • 2

    Subsea market: Overview

    Significant slowdown in 2009, but Technip maintained its leading and resilient position

    Subsea market activity should pick up going forward

    Key driver of activity will be complex and deepwater projects

  • 3

    31%27%

    42%

    2009 Market share*

    Market shares today

    *: Technip estimates based on project awards excluding shallow water and trunkline markets in Africa, Gulf of Mexico, Middle-East, Asia-Pacific and variation orders

    2004 - 2009 Market share* average

    Technip ahead during the growth period

    and still the leader in 2009

    Technip Subsea 7, Acergy, Saipem

    Others

    41%

    21%

    38%

    Technip Subsea 7, Acergy, Saipem

    Others

  • 4

    TechnipSubsea

    Acergy

    Subsea 7

    SaipemOffshore

    Subsea Operating Margin*

    Technip today: focused on profitability

    (*) Not restated, figures as published by contractors

    -15%

    -10%

    -5%

    0%

    5%

    10%

    15%

    20%

    1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

  • 5

    Subsea tree awards picking upPositive signs for FPS* awards

    Source: Technip

    Looking ahead: Major oil companies announced an increase in Final Investment Decisions

    Source: Quest Offshore

    Floater solution still to be definedOTHER FLOATERS (FPU/Spar/TLP, Semi, FLNG)FPSO (new built & converted)

    (*) Floating Production System

    0

    200

    400

    600

    800

    1,000

    1,200

    2000 2002 2004 2006 2008 2010 2012 2014

    59 awards

    88 awards

    0

    10

    20

    30

    40

    2006 2007 2008 2009 2010F 2011F 2012F

    Leading indicators show a positive trend:

  • 6

    Growing market Significant non pre-salt Step-change in Pre-salt

    market size to materialize from 2014/2015

    Brazil

    Currently steady, fueled by high demand for tie-backs

    New wave of FPS developments

    Gulf of Mexico

    Market slowdown in 2009 Significant recovery in tendering

    activity

    North Sea

    Awards in 2009 were delayed Angola and Nigeria showing signs of

    movement Egypt still moving Deepwater opportunities in new areas

    (Ghana, Equatorial Guinea, etc...)

    Africa

    Emerging deepwater market in Malaysia, Australia, Indonesia and China

    Large increase in gas-related projects Healthy shallow/medium depth

    market requiring flexible pipe solutions:

    FPSOs Tie-backs Replacement of corroded pipes

    Asia Pacific

    Different expectations across regions

  • 7

    Pipeline (Flexible & Rigid) installed in water deeper than 1,000 meters*

    Breakdown 2008 - 2015

    Future growth areas: Subsea market growth driversAsia Pacific & India

    Emerging area for ultra deepwater projects

    Pipeline installed (in km)

    +60%

    Sou

    rces

    : Tec

    hnip

    , Inf

    ield

    Gulf of Mexico

    Asia Pacific India

    Brazil

    Africa

    0

    4,000

    8,000

    12,000

    16,000

    2000 - 2007 2008 - 2015

    14%

    21%

    25%

    40%

    *Excluding Pre-Salt effect

  • 88

    Brazil is leading growth in deep and ultra deepwater

    Water Depth >1,000 meters

    *Excluding Pre-Salt effect

    Deepwater flexible market* expected to represent 60%of the market over 2010 - 2012

    Sources: Technip

    2010 - 2012

    16%

    84%

    Rest of WorldBrazil

    0%

    20%

    40%

    60%

    80%

    100%

    2010 - 2012

  • 9

    High tech global assets

    Vertically integrated business

    Worldwide organisation for seamless project execution

    Strategic position in faster growing emerging markets

    Leadership in subsea technologies

    Technip: Unmatched capability to design and execute successful projects

  • 10

    Marine Subsea

    AcergySubsea 7

    Bibby

    Clough

    Helix

    DeepOcean

    JRM Global

    NPCC

    COEEC

    HHI

    Seatruck

    AllseasHereema

    Worldwide Operations

    Regional Operations

    Oceanteam

    TS Marine

    Cecon Mermaid

    Ezra

    Hallin

    AKSDOF

    Wellstream

    Larsen&Toubro

    Swiber

    Veolia

    Valentine

    High Technological Assets

    Low Technological Assets

    Combination of high-tech assets and global footprint matched to market needs

    Saipem

    Sources: Technip

  • 11

    Manufacture & Fabricate

    Flexibles pipes Umbilicals

    Manufacturing plants on all continents

    Le Trait (France), Vitoria (Brazil), AsiaFlex (Malaysia)

    Spoolbases: Evanton (UK), Orkanger (Norway), Mobile (USA), Dande (Angola)

    Logistic bases: Vitoria, Angra Porto (Brazil)

    Umbilicals: Newcastle (UK), Houston (USA), Lobito (Angola)

    Install & Monitor

    Vessels designed to install our pipes

    Vertical Laying system

    Monitoring

    Unmatched vertically integrated business to optimize design & execution

    R&D

    New prototypes

    Proprietary technology

    R&D Centers close to production sites

    World-class R&D facilities

    Le Trait (France)

    Aberdeen (UK)

    Newcastle (UK)

    Rio & Vitoria (Brazil)

    Design & Project Management

    Optimized solutions

    A la carteengineering

    Dedicated teams around the world

    Strategic locationsParisAberdeenOsloHoustonKuala LumpurPerthRio de Janeiro

    1 2

    34

  • 12

    Example: Cascade & Chinook

    12

    Houston

    St Johns Paris

    Rio de Janeiro

    Cascade & Chinook

    AberdeenPori

    Le Trait

    Multi vessel installation (Incl. Deep Blue / Deep Pioneer)

    Fabrication of the flexible pipes at Le Trait

    Worldwide organization for seamless project execution

    World record depth for Hybrid Free Standing Riser in 2,500m -2,640m of water

    Installation ongoing - on schedule

    Coordinated Engineering teams from Offshore & Subsea divisions

  • 13

    Southern Hemisphere

    Technip Subsea revenues (in m)

    Northern Hemisphere

    Strategic position in faster growing emerging markets

    Sources: Technip

    1,257

    33%

    52%

    48%

    67%

    2,866

    2002 2009

  • 14

    26%29%

    45%

    Strategic Capital Expenditure (2007 - 2011) Development Strategy

    Generic -Non

    Attributable

    Manufacturing plants

    Human resources

    Marine Assets

    Spoolbases and Logistic Bases

    Strategic position in faster growing emerging markets

    Investments

    Southern Hemisphere

    Northern Hemisphere

    Sources: Technip

  • 15

    Ultra deepwater: Weight of pipelines (flexible, rigid, umbilicals) Alternative installation methods Hybrid System Riser

    More challenging reservoirs Flow assurance High Pressure/High Temperature Corrosive Fluids

    Operational and Riser Integrity Management

    Growing R&D investments expand leadershipin subsea technologies

  • 16

    Subsea market: Conclusion

    Significant slowdown in 2009, but Technip maintained its leading and resilient position

    Subsea market activity should pick up going forward

    Key driver of activity will be complex and deepwater projects

  • Thank you

    Christophe ArmengolVice President, Subsea Strategy and Market AnalysisMarch 30, 2010