Technip Awarded a Deepwater Pipeline Installation Contract in the Gulf of Mexico

PARIS--(Business Wire)--
Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded a lumpsum
installation contract by Callon Petroleum Company for the Entrada oil
field development in the Gulf of Mexico.

The contract covers the installation of:

-- two 6.5 mile steel flowlines(1) that will tie-back two subsea
wells at a depth of 4,475 feet,

-- PLETs(2) and inline structures,

-- steel catenary risers(3) to be connected to the Magnolia
offshore platform in 4,675 feet of water depth.

Detailed engineering and project management will be performed at
Technip's operating center in Houston, Texas. Welding of the flowlines
and risers will take place at Technip's spoolbase located in Mobile,
Alabama.

Offshore installation is scheduled for the third quarter of 2008
using the Deep Blue, Technip's deepwater pipelay vessel.

(1) Flowline: a pipe, laid on the seabed, which allows the
transportation of oil/gas production or injection of fluids. Its
length can vary from a few hundred meters to several kilometers.

(2) PLET: Pipeline End Termination

(3) Riser: a pipe or assembly of pipes used to transfer produced
fluids from the seabed to surface facilities, and transfer injection
or control fluids from the surface facilities to the seabed.

With a workforce of 23,000 people, Technip is a worldwide leader
in the field of oil, gas and petrochemical engineering, construction
and services. The Group is headquartered in Paris.

The Group's main operating 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.

The Technip share is listed in Paris on Euronext Paris.

Technip
Public Relations
Yves Gautier, +33 (0) 1 47 78 25 33
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
kstewart@technip.com
or
Antoine d'Anjou, +33 (0) 1 47 78 30 18
adanjou@technip.com
or
http://www.technip.com

Copyright Business Wire 2008