Technip awarded contract for Refinery hydrotreating unit in Chile

October 20, 2004--Technip, in consortium with Ingenieria y Construccion Sigdo Koppers, has been awarded a contract worth approximately 21 million euros (75% Technip) by Enap Refinerias SA (subsidiary of the Chilean state oil company Enap) for a new hydrotreating unit to be located at its Bio Refinery at Talcahuano, Chile.

The 12,000 BPSD (barrels per stream day) hydrotreating unit, based on Axens technology, will produce low-sulfur diesel, in compliance with the new Chilean regulations, limiting sulfur emissions to 50 parts per million (ppm) in the metropolitan area of Santiago, the country's capital.

The lump sum turnkey contract includes detail engineering, procurement, construction, pre-commissioning, commissioning and startup, to be handled by Technip's engineering centers in Rome and in Bogota. This fast-track project (20 months) is slated to be completed in early July 2006.

This new award confirms the mutually beneficial collaboration between Technip and Enap, which, over the past two years, has included contracts for the supply of subsea flexible flowlines as well as the design and construction of a hydrogen plant.

With a workforce of about 19,000 persons, 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 engineering and business centers are located in France, Italy, Germany, the UK, Norway, Finland, the Netherlands, the United States, Brazil, Abu-Dhabi, China, India, Malaysia and Australia. The Group has high-quality industrial and construction facilities in France, Brazil, the UK, the USA, Finland and Angola as well as a world-class fleet of offshore construction vessels.