TECHNIP AND SONANGOL INAUGURATED THE FIRST UMBILICAL MANUFACTURING by dxu18403

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									                                                                PRESS RELEASE

                                                                Paris, March 3, 2004



          TECHNIP AND SONANGOL INAUGURATED
  THE FIRST UMBILICAL MANUFACTURING PLANT IN ANGOLA



Technip and Sonangol held the opening ceremony of Angoflex Limitada, their newly built
umbilical plant (umbilicals are control lines to operate subsea wellheads from a platform or a
vessel), located in Lobito, Angola, on February 27.

This event was attended by the Ministry of Oil, the Governor of Benguela Province, the
senior management of Technip, and an important Angolan delegation including the
management of the state oil company Sonangol, as well as numerous representatives of the
main oil & gas operators established in the country.

The plant, the first built in Africa, was completed by the end of 2003 and includes all
machinery for the manufacturing of steel tube umbilicals and related products to supply the
high-growth market of African deepwater field developments. The production personnel,
recruited locally, completed an extensive training program in Brazil, in the USA and in the
UK, at Technip’s other manufacturing plants.

Angoflex Limitada (a joint venture between Technip and Sonangol) will contribute to the
industrial development of the Province of Benguela as well as of the Angolan economy. With
this new entity, Technip expands its asset base in West Africa where it has a strong local
presence through its affiliates such as Angoflex and Technip Angola located in Luanda
(Angola).

This new milestone, achieved with the support of Sonangol and the Angolan authorities,
follows the deep offshore development contracts, Dalia and Greater Plutonio recently won by
Technip.



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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 U.K., 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 U.K., the U.S., Finland and Angola as well as a world-
class fleet of offshore construction vessels.




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Public Relations
Laurence Bricq                   Tel. +33 (0) 1 47 78 26 37
                                 E-mail: lbricq@technip.com

Marina Toncelli                  Tel. +33 (0) 1 47 78 66 69
                                 E-mail: mtoncelli@technip.com


Investor and Analyst Relations
G. Christopher Welton            Tel. +33 (0) 1 47 78 66 74
                                 E-mail: cwelton@technip.com

David-Alexandre Guez             Tel. +33 (0) 1 47 78 27 85
                                 E-mail: daguez@technip.com


Group website                    http://www.technip.com




Technip’s shares
trade     on the
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