Technip: Construction of a New Flexible Pipe Manufacturing Plant in Asia

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

During a ceremony held in Kuala Lumpur, Technip (Paris:TEC)
(ISIN:FR0000131708) signed an agreement with Tanjung Langsat Port(1),
for a 20 Ha land lease to set up a new flexible pipe manufacturing
plant to be called Asiaflex Products. Located in Tanjung Langsat
industrial complex, on the southern tip of Peninsular Malaysia in
Johor State, this new plant will have direct access to a deep water
quay-side.

Asiaflex Products will have a manufacturing capacity of 200
normalized km(2) per annum of flexible pipes. It will allow the
Technip group to reach a total maximum production capacity of 1,060
normalized km per annum, including the current capacity of the two
existing Technip plants:

-- Flexi France in Le Trait, France, is an all comprising unit
including manufacturing as well as Research & Development
activities for the Group, with an international track record
second to none for innovation and reliability since 1974.

-- Flexibras in Vitoria, Brazil, is a world-class facility
strategically located near the main Brazilian Oil and Gas
field developments, serving the South American region and
international markets since 1986.

The new plant is part of a EUR 1 billion capex program to
strengthen Technip's assets in the Subsea segment (vessel fleet,
engineering centers and manufacturing plants) and reinforce Technip's
worldwide leadership in the flexible pipe market.

Expected to be operational by 2010, Asiaflex Products' primary
focus will be the emerging deep water Oil & Gas markets in the
Asia-Pacific and Middle-East regions. The facility will have the
capability of producing the complete range of Technip flexible pipes.
The manufacturing site will be designed to allow future extension for
umbilical production. The plant will provide employment for
approximately 300 people.

Technip is a global player in Oil and Gas services and a
long-standing leader in Oil & Gas engineering in the Asia-Pacific
region with more than 3,200 employees, key operating centers across
Asia and Oceania and regional headquarters in Kuala Lumpur, Malaysia.
In the Asia-Pacific region, Technip has completed over 2,000 projects
in the Onshore, Offshore and Subsea segments since 1982.

Bernard Di Tullio, Technip President & COO stated: "This new
plant, benefiting from its strategic location and our expertise in
flexible pipe manufacturing, will further consolidate our global
leadership".

(1) Tanjung Langsat Port Sdb. Bhd., responsible for the
development of the Tanjung Langsat harbor and industrial complex, is
100% owned by Johor State Economic Development Corporation.

(2) 8 inches normalized flexible pipe.

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. 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.

Group website http://www.technip.com

Technip
Public Relations
Laurence Bricq Tel. +33 (0) 1 47 78 26 37
E-mail: lbricq@technip.com
or
Investor and Analyst Relations
Xavier d'Ouince Tel. +33 (0) 1 47 78 25 75
E-mail: xdouince@technip.com

Copyright Business Wire 2008