Combining Offshore & Onshore Technologies To Create New Solutions G. Christopher WeltonVP of Investor Relations

Oil Services: Technology and New DevelopmentsMerrill Lynch

London -1 July 2005

2Oil Services: Technology and New Developments, London – 1 July 2005

I. TECHNIP OVERVIEW

II. OFFSHORE: DEEPWATER

III. ONSHORE: LNG

IV. OFFSHORE LNG

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I. TECHNIP OVERVIEW

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TECHNIP TODAY

Europe’s leading oil services E&C company

Best-positioned to capture current high growth in key oil & gas industry market segments:

Deep OffshoreLNGNon-conventional oil

Disciplined project bidding

Lump-sum turn-key (LSTK) contract specialist

Balance sheet geared for more than a few successes in mega-project market

Listed on Eurolist by EuronextTM and NYSE

OFFSHORE:

• Subsea Construction

•Facilities

•Flexible Mfring.

ONSHORE:

• Gas, LNG, GTL

• Petrochemicals

• Refining / Hydrogen

• OnshorePipelines

INDUSTRIES:

• Lifesciences/Chemicals• Metal & Mining

• Power &Infrastructures

46 %46 %

Share 2004 Consolidated Revenues

5%5%

49%49%

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GLOBAL NETWORK OF ENGINEERING CENTERS, YARDS & PLANTS

Technip in the world: 19,000 people

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MAJOR AWARDS EXPECTED BY TECHNIP AND COMPETITION IN NEXT 12 MONTHS

XLETHYLENE Ras Laffan (Qatar)

XLETHYLENE YANBU SABIC (S. Arabia)

LCAMAU Fert. (Vietnam)

XLQAFAC (Qatar)

XLETHYLENE SHARQ SABIC (S. Arabia)

XLPIC Aromatic (Kuwait)

LATC Aromat. (Thailand)

LPETRONAS Methanol(Malaysia)

XLRABIGH ref 1&2 (S. Arabia)

ECOPETROL HDT(Colombia)

ETHYLENE DOW/PIC(Kuwait)

REF./PETROCHEM.

L

L

XXLQATARGAS III & IV

XLKHARG (Iran)

XLGASCO AGD 2 (UAE)

XXLRASGAS III (Qatar)

LHARWEEL (Oman)

XLPDVSA (Venezuela)

XLYEMEN LNG

XLSKIKDA LNG (Algeria)

XXLPEARL GTL(Qatar)

LFREEPORT LNG Term. Ext. (USA)

GAS/LNG

TECHNIP POTENTIAL SHARE

> €1,000m€500m to €1,000m €200m to €500mXXLXLL

LMALLORCA PIPELINE (Spain)

LUMM SHAIF (UAE)

LTERANG/SIRASUN 2(Indonesia)

LMOHO BILONDO (Congo)

LEKOFISK (Decom.)(Norway)

XLAGBAMI SURF (Nigeria)

JUBARTE P-57 (Brazil)

TAHITI SPAR (GoM)

BOSI EPS (Nigeria)

OFFSHORE

L

L

L

LOI

LOI

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II. OFFSHORE: DEEPWATER

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Sea FloorSea Floor

SUBSEA PIPELINES: DEEPWATER CHALLENGE

Hydro-Static Pressure

WeightLoad

Thermal LossThermal Loss

Installation

FPSO

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SUBSEA INSTALLATION FILM

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SPECIALISED SUBSEA APPLICATIONS: IPB

Thermal Insulation

ExternalSheath

Heating Cables

Gas Injection Tubes

Classic Pipe 12” Dia.

"INTEGRATED PRODUCTION BUNDLE"New Technology Developed by Technip

First Use on Dalia Project

10

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SPECIALISED SUBSEA APPLICATIONS: HYBRID RISERS - HySRTM

Created for subsea applications

Elimination of stress caused by FPSO movement on risers

Movement separation between FPSO and risers

Reduced SCR fatigue at sea bottom touchdown point

Allows pre-installation of risers prior to FPSO on-site arrival

Steel CatenaryRisers (SCR)

Steel CatenaryRisers (SCR)

LimitedHorizontal MovementLines

LimitedHorizontal MovementLines

Anchor Tension Lines

Flexible Jumpers

To FPU

To SubseaWellsTo SubseaWells

Subsea Buoys

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III. ONSHORE: LNG

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LIQUEFIED NATURAL GAS (LNG)

REGASIFICATION TRANSPORT (-160°C )

NATURAL GAS PRODUCTION

GAS TREATMENT& LIQUEFACTION

2002 2030

150

680

FORECAST (Gm3/y)

+350%

Sources: IAE World Energy Outlook 2004

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LNG MARKET: TECHNIP

25% partner in Nigeria LNG trains

50% partner in QATARGAS I revamping

40% partner in QATARGAS II, largest ever LNG contract (USD 4 bn)

2005 Freeport LNG Receiving Terminal (USA)

26% of YE 2004 Group backlog

Technip proprietary LNG technologies:

Nitrogen Removal EfficiencyIncreased LNG ProductionNGL Extraction (CryomaxTM)LNG Transfer Systems

After major breakthroughs in 2004, Technip’s LNG business is rapidly expanding, mainly in the Mid East

TECHNIP’S LNG BUSINESS

Qatargas II Project Site

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III. OFFSHORE LNG

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OFFSHORE LNGBreakthrough technologies in LNG:

cryogenic flexible hose and pipe-in-pipeoffshore liquefaction trainsoffshore receiving terminals

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Aerial flexible hose

Tested and certified

Internal tube in corrugated 304L

Polyester fibre amours & spirals

Polyethylene Foam Insulation

Sheaths: Kevlar-reinforced ethylene propylene

Cryogenic Flexible Hose

OFFSHORE LNG

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OFFSHORE LNG

Cryogenic Flexible Hose

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OFFSHORE LNG

Examples of Application Near-shoreOpen sea

Cryogenic Flexible Hose

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Invar Inner Pipe

Aspen AerogelThermal Insulation

Cryogenic Pipe-in-Pipe

Anti-Corrosion Coating(3-layer Polyethylene)

Multi-foilReflective Layer

Spacers

Carbon SteelCarrier Pipe

Main Benefits :straight in-line arrangement

minimum pipe length withfavourable impact on pressure drop, heat ingress

robustness and long termintegrity due to mechanicalprotection & gas tightness (moisture) ensured by outerCS pipe

insulation performance :material selected only onthermal insulation criteria

Annular Space filled withNitrogen

OFFSHORE LNG

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OFFSHORE LNG

Remote Transfer

LNG CarrierSPM

(CALM Type)

Subsea Cryogenic Line(Technip's Pipe-in-Pipe)

LNG FPSO

Cryogenic Pipe-in-Pipe

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OFFSHORE LNG

Liquefaction on Gravity Base Structure

6-tank arrangement : 200,000 m3 overall capacityLarge integrated deck : 30,000 t, 4 levels

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OFFSHORE LNG

New Concept of Reception Terminal

Storage capacity : 200 000 m3

Regasification : 6 Bsm3/year

Combining Offshore & Onshore Technologies To Create New Solutions G. Christopher WeltonVP of Investor Relations

Oil Services: Technology and New DevelopmentsMerrill Lynch

London -1 July 2005

25Oil Services: Technology and New Developments, London – 1 July 2005

TRADING TECHNIP

ISINFR0000131708

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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTShis presentation contains both historical and forward-looking statements. All statements other than statements of

historical fact are, or may be deemed to be, forward-looking statements, or statements of future expectations; withinthe meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended. These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words such as “believe”, “aim”, “expect”, anticipate”, “intend”, “foresee”, “likely”, “should”, “planned”, “may”, “estimates”, “potential” or other similar words. Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among other things: our ability to successfully continue to originate and execute large integrated services contracts, and construction and project risks generally; the level of production-related capital expenditure in the oil and gas industry as well as other industries; currency fluctuations; interest rate fluctuations; raw material, especially steel, price fluctuations; the timing of development of energy resources; armed conflict or political instability in the Arabic-Persian Gulf, Africa or other regions; the strength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing; the timing and success of anticipated integration synergies; and the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards (IFRS), according to which we prepare our financial statements as from January 1, 2005.

Some of these risk factors are set forth and discussed in more detail in our Annual Report on Form 20-F as filed with the SEC on June 29, 2004, and as updated from time to time in our SEC filings. Should one of these known or unknown risks materialize, or should our underlying assumptions prove incorrect, our future results could be adversely affected, causing these results to differ materially from those expressed in our forward-looking statements. These factors are not necessarily all of the important factors that could cause our actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could have material adverse effects on our future results. The forward-looking statements included in this release are made only as of the date of this release. We cannot assure you that projected results or events will be achieved. We do not intend, and do not assume any obligation to update any industry information or forward looking information set forth in this release to reflect subsequent events or circumstances. Except as otherwise indicated, the financial information contained in this document has been prepared in accordance with IFRS, and certain elements would differ materially upon reconciliation to US GAAP.

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