Press Release

Paris, February 26, 2008

Technip has been awarded by Motor Oil (Hellas) Corinth Refineries S.A. a contract for the engineering, procurement and construction management (EPCM) of a crude oil distillation unit at the Corinth refinery, Greece.

This unit will have a production capacity of 60,000 barrels per day. It is scheduled to be operational at the beginning of 2010.

The investment for the new unit will be approximately €180 million.

This project is part of the refinery expansion program. Following the installation of the new unit, the total capacity of the refinery will exceed 170,000 barrels per day.

Technip's operations and engineering center in Rome (Italy) will execute this contract. It marks a new step in the long-standing and successful collaboration between Technip and Motor Oil, for whom Technip has already carried out several contracts in the Corinth refinery.

With a workforce of 23,000 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.