Press Release

Paris, October 23, 2007

Technip has been awarded by Eramet a contract of the engineering studies and assuming a go-ahead decision of the general contracting services for a laterite treatment plant on the island of Halmahera, in Indonesia.

The contract covers the treatment plant and associated infrastructures.

The plant will be based on a hydro-metallurgic process developed by Eramet and will produce around 60,000 tons of nickel and 3,500 tons of cobalt per year. The total investment on the project should amount to approximately USD 2 billion. The plant is expected to come on stream in 2013.

Technip’s operating centers in Paris (France), Kuala Lumpur (Malaysia) and Jakarta (Indonesia) will execute this contract.

This new contract award confirms Technip’s expertise in the metals and mining sector. It follows other successfully completed or ongoing projects for the treatment of nickel, uranium, bauxite and alumina.

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.