LOCAL CT

In the first half of 2012, the Onshore/Offshore segment had successes in a wide variety of fields around the world.

In January, Lukoil Neftochim Burgas ad, a subsidiary of OAO LUKOIL, awarded Technip a lump sum turnkey contract worth more than €900 million (Technip’s share is around €600 million), for the engineering, procurement and construction of Phase 1 of a heavy residue hydrocracking complex to be built at their refinery in Burgas, Bulgaria. This contract covers the detail engi-neering, procurement of equipment and material, construction, pre-commissioning and commissioning of a 2.5 million tons/year

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vacuum residue hydrocracker based on Axens H-Oil process, as well as amine regeneration unit, sour water stripper, hydrogen production units, utilities and offsites upgrading. The contract follows the successful execution of the front-end engineering design completed by Technip in the first quarter of 2010, and the detailed engineering and procurement services contract won at the beginning of 2011.

Also in January, Technip’s Gaiya joint venture with Ingérop was awarded a contract by the National Agency for the Management of Radioactive Waste (“ANDRA” – Agence nationale pour la gestion des déchets radioactifs) to be the main contractor of the future Industrial Geological Storage Center (“CIGEO” – Centre industriel de stockage géologique) to be located in Meuse/Haute-Marne (eastern France). ANDRA is responsible for designing and setting up a storage center for high-activity and medium-activity, long-life radioactive waste. It covers CIGEO’s conceptual and front-end engineering phases.

Technip and Ingérop are closely combining their respective skills and expertise in nuclear installations, underground facilities and large projects to assist ANDRA in carrying out this project, which is exceptional in both its scope and technological requirements.

CIGEO is designed to provide long-term confinement for the waste and to ensure that the storage is reversible.

Technip Oceania (“TPO”), a Technip Group operating center in Perth, Australia, won a contract worth approximately €90 million from Daewoo Shipbuilding and Marine Engineering (“DSME”) for the detailed design of Chevron’s Wheatstone offshore gas processing platform, located 200 kilometers off Western Australia’s coast. This award follows on from TPO’s successful completion of the front-end engineering design of the project, a contract awarded by Chevron in 2009. The contract represents a breakthrough for TPO, which is leading the work and performing over 40% locally in Australia.

In February, Technip, in partnership with DSME, was awarded by Dong E&P and Bayerngas, a contract for the Hejre project deve-lopment, offshore from Denmark, at a water depth of 70 meters.

This contract covers engineering, procurement, fabrication, hook-up, and commissioning assistance for a fixed wellhead and process platform and associated facilities. The platform includes 11,500-ton topsides supported by a 6,500-ton jacket, and is designed to process high pressure and high temperature hydrocarbons fluids. The platform, which also comprises a living quarter to accommodate 70 people and a flare, will be capable of producing up to 76 million standard cubic feet of gas per day and 35,000 barrels of oil per day.

This strategic contract symbolizes the return of Technip on the North Sea Offshore market, as an engineering, procurement and construction (“EPC”) leader on technically complex projects that are very demanding in terms of health, safety and environment.

Building on that North Sea win, Technip won a lump sum FEED contract from Statoil ASA for the development of the Aasta Hansteen floating platform, offshore from Norway, at a water depth of approximately 1,300 meters. The contract covers the design and planning for procurement, construction and transpor-tation of a Spar hull and the mooring systems as well as the design of the steel catenary risers. The award builds on the study work (including pre-FEED) that has been ongoing since early 2010 to document the suitability of a Spar platform in Norwegian waters.

This award confirms Technip’s leadership in the design of Spar platforms, mooring systems and steel catenary risers, and further confirms that the Spar continues to be the platform of choice for certain developments, not only in Gulf of Mexico and the Far East, but also in new basins, in this case the Norwegian Sea.

In the Middle East, Technip won a contract from Kuwait Gulf Oil Company (“KGOC”) for the engineering, procurement, construc-tion and commissioning assistance of its Gas and Condensate Export System project. The project is spread over onshore and offshore locations in two countries, Saudi Arabia and Kuwait.

The objective of the project is to deliver a combination of lean gas, condensate and sour gas through a single 12” export pipeline from Al Khafji Joint Operations (“KJO”) facilities in Saudi Arabia to Kuwait Oil Company (“KOC”) tie-in facility, namely the Intermediate Slug Catcher being constructed under KOC Project No. EF/1718 near Al Ahmadi, Kuwait. The facilities will also assist KPC/KJO in achieving one of their primary targets of 1% flaring by reducing the gas flared and additionally monetize valuable hydro-carbon resources. This award demonstrates Technip’s capabilities in both the onshore and offshore sectors, and is a new milestone in Technip’s continued support to its clients in the Middle East.

In Asia Pacific, Technip was awarded a FEED contract by Petronas for its proposed Refinery and Petrochemical Integrated Development (“RAPID”) project located in the state of Johor, Malaysia. RAPID aims at building a world-scale integrated refinery and petrochemical complex to answer the growing need for specialty chemicals and demand for petroleum and commodity petrochemical products in the Asia Pacific region by 2016. The proposed refinery will have a capacity of 300,000 barrels per standard day and will supply naphtha and liquid petroleum gas feedstock for the RAPID petrochemical complex, as well as produce gasoline and diesel that meet European specifications.

The petrochemical units, on the other hand, will enhance the value of the olefinic streams coming from the RAPID steam cracker by producing various merchant grade petrochemicals products, such as polyethylene, polypropylene, synthetic rubbers and other petrochemicals products.

In South America, Technip was awarded a lump sum contract for the basic, front-end engineering design and the first phase of project management consultancy services for the Petrocarabobo upgrader to be built in the Faja del Orinoco region, Venezuela.

The final client is Petrocarabobo S.A. The upgrader will have a capacity of 200,000 barrels per standard day.

In France, Technip and the Compagnie Industrielle de la Matière Végétale (“CIMV”) entered into a cooperation agreement in the green chemistry business with to industrialize CIMV’s process.

The two companies have been working together for the past five years (Technip has provided CIMV with its technological expertise in the fields of engineering and construction, enabling CIMV to pass from the pilot unit stage to the industrial unit stage). During this period, CIMV’s process has been identified as a disruptive technology in the field of green chemistry. Today, this technology is among the only ones in the market capable of converting solid biomass into hydrocarbons that can be used as a feedstock by the petrochemical industry. The CIMV technology can thus be seen as a key enabler for the sustainable green chemistry sector based on non-edible feedstock.

overview of the Group’s activities

6.1. technip’s business in 2012

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More recently, in parallel with the technical collaboration, Technip established a sales force to promote the CIMV process outside France, along with the wide range of bio-sourced applications it offers industrial companies. This collaboration was made official with the signing of a commercial and industrial cooperation contract.

In April, the French Government announced its decision to award the Iberdrola – Eole-RES consortium exclusive rights to develop a 500 MW offshore wind project in the Saint-Brieuc bay, off the coast of Brittany. The project is expected to generate some 2,000 jobs and play a key role in developing an offshore wind industry in France. The offshore wind farm will be built by the consortium led by Iberdrola and Eole-RES, which includes techno-logy partners Areva, Technip and Neoen Marine. A joint venture company, Ailes Marines, or Sea Wings, has been set up to manage the project and subsequent operation of the site. Wind farm operation and maintenance alone will generate 140 permanent jobs in Saint-Brieuc Bay for a minimum of 20 years.

In June, Technip was awarded two front end engineering and design contracts by ZapSibNeftekhim LLC (an affiliate of JSC Sibur Holding) for plants located in Tobolsk, in the Tyumen Region of Russia. The first contract concerns a linear low/high density gas phase polyethylene plant; the second is for a high density slurry phase polyethylene plant. Each plant will consist of two parallel production trains with a total capacity of 1.5 million tons per year of polyethylene. Both will be developed using INEOS Technologies licenses.

In June, Technip was also awarded two contract Asia-Pacific. First, a consortium with Daewoo Shipbuilding & Marine Engineering (DSME) Co. Ltd, the Technip-Daewoo Consortium (“TDC”), was awarded by Petronas Floating LNG 1 (Labuan) Ltd, a wholly owned subsidiary of Petroliam Nasional Berhad (“Petronas”) a services contract for engineering, procurement, construction, installation and commissioning for a FLNG facility with a 1.2 million ton per year maximum capacity. The 300 meter-long and 60 meter-wide FLNG facility will be located offshore from Malaysia. The contract is an Alliance between TDC, led by Technip, and Petronas.

Technip’s portion is composed of project management services and lump sum for engineering.

Second, Technip was awarded a services contract for the Ichthys FPSO unit. The FPSO unit will be located in the Browse Basin, Western Australia, at a water depth of 250 meters. Technip will provide these services to Daewoo Shipbuilding & Marine Engineering (“DSME”). This contract covers detailed engineering and procurement assistance for the topsides facilities of the 1.2 million barrels storage capacity Ichthys FPSO. The Ichthys LNG project is expected to produce 8.4 million tons of LNG and 1.6 million tons of LPG per annum, along with approximately 100,000 barrels of condensate per day at peak.

In the second half of 2012, Technip’s Onshore/Offshore segment attained a large number of projects. To begin with, Technip was chosen by Reliance Industries Limited (“RIL”) for a license, supply of basic engineering package and an engineering and procurement services contract for the Refinery Off-Gas Cracker (“ROGC”) plant.

This contract is part of the expansion project being executed at RIL’s world-scale Jamnagar refining and petrochemical complex in Gujarat, on the west coast of India.

The ROGC plant will be among the largest ethylene crackers in the world and will be integrated with RIL’s Jamnagar refinery complex, using refinery off-gas as feedstock. The products from that plant will be used as feedstock for the new downstream petrochemical plants. The ROGC plant will utilize Technip’s ethylene technology, including its proprietary SMK® furnaces technology, one of the major cornerstones of the Technip’s ethylene know-how.

Technip is one of the largest experienced contractors in licensing, designing and implementing grassroot mega-crackers for ethylene production. This contract reinforces Technip’s position as a major player in this field.

In July, Technip received a Letter of Intent from Statoil for their Aasta Hansteen (previously named Luva) field development offshore from Norway. The project will be led by Technip in a consortium with Hyundai Heavy Industries (“HHI”). The contract covers the engineering, procurement, construction and transpor-tation of a Spar hull, the mooring systems as well as the design of the steel catenary risers.

The Aasta Hansteen Spar will be the first Spar in Norwegian waters, the first Spar concept chosen by Statoil, and the largest ever built with a total hull length of 195 meters. This award follows the successful execution by Technip of the front-end engineering and design of this project. It confirms Technip’s leadership in the design of Spar platforms. The Aasta Hansteen Spar hull is the 16^th to be executed by Technip (out of nineteen worldwide). This contract entered Technip backlog end of 2012, when signed.

Later that same month, Technip announced a long-term charter agreement for a new build offshore construction vessel with North Sea Shipping. The charter commitment will be for a period of five or seven years plus a five-year extension option, with a further option to purchase the vessel. The vessel is specially designed and equipped to suit the Norwegian installation market.

The new vessel’s design specification meets the highest require-ments for subsea work and although it will work predominantly in the North Sea, it is also suitable for deepwater operations world-wide. This vessel will be a valuable addition to the Technip fleet and further demonstrates Technip’s commitment to continually improving its fleet of marine assets.

Technip was awarded a contract by the petrochemical company Al Jubail Petrochemical Company (“KEMYA”), a joint venture between SABIC and Exxon Chemical Arabia, an affiliate of ExxonMobil Chemical Company, for the engineering, procure-ment and construction of a Halobutyl facility located in Al Jubail, Saudi Arabia. This new facility will produce 110,000 tons of rubber per year using ExxonMobil licensed technology.

In September, Technip was awarded two contracts worth a total value of about €50 million for the FEED services of two refineries in Kazakhstan. These awards consist of the modernization of two out of the three existing refineries in the country: the first contract, for Pavlodar Oil Chemistry Refinery, is to upgrade the Pavlodar refinery, which is scheduled to be completed in the second semester of 2013; the second one, for Petrokazakhstan Oil Product, concerns the revamp of the Shymkent refinery, whose FEED documentation is scheduled to be completed by the end of 2013. The scope of both projects includes new and revamp process units as well as utilities and offsite facilities aiming to increase production capacity and conversion.

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These contracts confirm Technip’s expertise in the oil refining sector and strengthen the Group’s relationships with leading Kazakh energy operators.

Technip was also awarded an important offshore commissioning contract by Inpex Corporation worth approximately €210 million for the Ichthys LNG Project located in the Browse Basin, Western Australia. Technip’s team of leading FPSO for offshore facilities installation and semi-submersible experts who are among the world’s most experienced commissioning engineers, as well as many supporting resources with practice on similar projects in Perth will ensure the success of this project as Technip grows its hook-up and commissioning offering for the Australian market.

In October, Braskem Idesa S.A.P.I. awarded to a joint venture formed by Odebrecht (40%), Technip (40%) and ICA Fluor (20%) a contract worth around €2.1 billion for the EPC of a petrochemical complex to be built in the Coatzacoalcos/Nanchital region, in the Mexican state of Veracruz.

The petrochemical complex will include the following facilities:

an ethane-based ethylene cracker, producing 1 million tons per year, using Technip proprietary technology; two high density polyethylene plants using INEOS Innovene™ technology; a low density polyethylene plant using BASEL Lupotech technology;

storage, waste treatment and utility facilities, including a 150 MW combined cycle power and steam co-generation plant; a multi-modal logistics platform for shipment of 1 million tons per year of polyethylene via bulk train, bulk truck or bagged; administrative, maintenance, control room and ancillary buildings.

This award follows the successful execution of the front-end engineering design of the ethylene, HDPE and utilities contracts awarded to Technip in the first quarter of 2011 and the front end engineering of the offsite facilities executed by Odebrecht and ICA Fluor during 2011. The Ethylene XXI cracker will be the most modern and efficient in operation in the Americas and will use Technip’s state-of-the-art technology. Technip is leveraging its relationship with Odebrecht in Brazil and its technology portfolio, which has been recently expanded with the acquisition of Stone

& Webster process technologies and associated oil and gas engi-neering capabilities, to accompany Braskem in its international development.

Building upon the aforementioned expertise and experiences, Technip’s final onshore contract win of the year was a FEED contract and cracking furnaces engineering and procurement services contract awarded by The Dow Chemical Company (NYSE: DOW) for a previously announced large new world-scale ethylene production plant to be located at Dow Texas Operations in Freeport, Texas. The new facility will be based on low-cost ethane feedstock. The products from the new plant will be utilized for Dow’s downstream facilities in the Gulf Coast in Texas and Louisiana. Texas Operations is Dow’s largest integrated manufacturing site worldwide and the largest single-company chemical complex in North America.

In November, Technip was awarded a framework agreement by Shell Global Solutions (Malaysia) Sdn Bhd for offshore facilities in a region covering Asia, Australia, and New Zealand (“East region”), a region where the offshore market is growing fast. The

contract is for a period of five years, with an additional five-year extension option. The contract concerns engineering and project management services to support Shell’s offshore project facilities engineering scope in the East region. The scope of work includes pre-front-end engineering design, front-end engineering design, detailed design engineering, procurement services and construc-tion management.

Later in November, Technip received instructions from Anadarko Petroleum Corporation to begin the engineering, construction and transport of a 23,000-ton Truss Spa hull for their Heidelberg field development in the US Gulf of Mexico. The Letter of Intent allows Technip to begin construction work on the project and other early works, including purchase of long-lead items for the hull and start of fabrication, in advance of the expected project sanctioning around mid-2013, after which the contract will enter into Technip’s backlog.

Finishing out the year, Shell Gas & Power Developments B.V. (Shell) and the Technip Samsung Consortium (“TSC”) signed a heads of agreement to enhance collaboration on the design, engineering, procurement, construction and installation of future innovative FLNG facilities. The agreement builds on the existing relationship, formed in 2009, to ensure the parties can capitalize on insights gleaned from the design and construction of Shell’s Prelude FLNG facility and expand the technology offering to the energy market.

It will drive a culture of joint delivery, continuous improvement and ensure greater value from the collaboration by all parties.

FLNG enables the development of gas resources ranging from clusters of smaller more remote fields to potentially larger fields via multiple facilities where, for a range of reasons, an onshore development is not viable. This can mean faster, cheaper, more flexible development and deployment strategies for resources that were previously uneconomic, or constrained by technical or safety/security risks, helping to bring more natural gas to the market.

Shell and Technip are already working together on the world’s first FLNG project, Prelude FLNG, which will be moored 200 kilo-meters off the North West coast of Australia in the Browse Basin.

As their experience grows, Shell and Technip perceive that there are many opportunities ahead.

corporate

On January 26, 2012, the French Financial Markets Authority (“AMF”) published the results of the cash offer made by Technip on the shares of Cybernétix. During this offer, which commenced on December 16, 2011, and ended on January 20, 2012, 474,325 shares of Cybernétix were tendered. Taking into account the 743,014 shares acquired by Technip from Mr. Gilles Michel, Askoad Conseil, Comex S.A. and Sercel Holding on November 16,

On January 26, 2012, the French Financial Markets Authority (“AMF”) published the results of the cash offer made by Technip on the shares of Cybernétix. During this offer, which commenced on December 16, 2011, and ended on January 20, 2012, 474,325 shares of Cybernétix were tendered. Taking into account the 743,014 shares acquired by Technip from Mr. Gilles Michel, Askoad Conseil, Comex S.A. and Sercel Holding on November 16,