Technip Wins Engineering Contract for Arthit Field

Technip has been awarded a contract by the exploration and production subsidiary of the national petroleum company of Thailand, PTT (Petroleum Authority of Thailand), for basic and detailed engineering of four generic wellhead platforms with associated subsea pipelines and tie-ins. The platforms will be installed in the Arthit gas field, located in water depths of approximately 80 meters in the Gulf of Thailand, and tied to existing wellhead platforms.

This contract covers engineering services and the preparation of purchase requisitions for all long lead items.

Technip's operations and engineering center in Bangkok (Thailand) will execute the contract with pipeline engineering support from Technip's operations and engineering center in Kuala Lumpur (Malaysia).

Engineering studies are scheduled to be completed in May 2007.

With a workforce of 22,000 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.

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