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Technip Awarded a New Contract for the Gdansk Refinery in Poland

October 20, 2008

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708) has been awarded by Grupa Lotos a lumpsum contract, worth approximately EUR 70 million, for the refinery in Gdansk, Poland.

The contract covers engineering and procurement services for a new solvent deasphalting(*) unit. The unit will have a feed capacity of 180 tons per hour.

Technip’s operating center in Rome, Italy, will execute the contract. This is the third contract assigned to Technip by Grupa Lotos over the last year, confirming the outstanding collaboration between the two companies.

(*) Solvent deasphalting: extraction process in which heavy gas oil is dissolved in a solvent and heavier matter is separated as asphalt. Feedstock for solvent deasphalting can be atmospheric resid or vacuum resid or a mixture of both.

Technip is a world leader in the fields of project management, engineering and construction for the oil & gas industry, offering a comprehensive portfolio of innovative solutions and technologies.

With 23,000 employees around the world, integrated capabilities and proven expertise in underwater infrastructures (Subsea), offshore facilities (Offshore) and large processing units and plants on land (Onshore), Technip is a key contributor to the development of sustainable solutions for the energy challenges of the 21st century.

Present in 46 countries, Technip has operating centers and industrial assets (manufacturing plants, spoolbases, construction yard) on five continents, and operates its own fleet of specialized vessels for pipeline installation and subsea construction.

The Technip share is listed on Euronext Paris exchange and over the counter (OTC) in the USA.




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