TECHNIP CAPABILITIES IN THE CASPIAN REGION Presented by Brian Roberts at “Oil and Gas of Turkmenistan” September 2003

1) The history of Technip 2) Range of services Contents: 1) The history of Technip 2) Range of services 3) Range of products and technologies 4) Summary of Caspian region projects 5) Products & technologies for Offshore Turkmenistan This presentation of "Technip capabilities in the Caspian region" contains the following: A short summary of the history of Technip; a brief mention of the range of services it offers; a brief mention of the range of products and technologies it offers; a summary of projects that it has completed and is currently performing in the Caspian region and a focus on the specific products & technologies appropriate for offshore Turkmenistan.

1) The history of Technip: A French company formed in 1958 by IFP with 20 people Over last 5 years: Acquisition of Mannesman, Aker Deepwater and Coflexip Revenue increased from 1.8 to 4.5 Billion Euros Workforce increased from 6,000 to 19,000 Now largest European Oil & Gas services company Technip is a French company and was formed in 1958 by IFP with only 20 people initially. It increased in size steadily until an unprecedented period of growth over the last 5 years. During this period Technip, through its acquisition of Mannesman, Aker Deepwater and Coflexip has increased its revenues and staff threefold, with a current turnover of around 5 Billion Euros and a workforce of almost 20,000. Its business has changed from being predominantly in the onshore downstream sector, 5 years ago, to where it is today, where almost half its revenue comes from the offshore sector. Its revenues by region reflect the company's world-wide coverage of all the major oil and gas areas. This recent expansion results in Technip now being the largest European Oil & Gas services company and fourth largest in the world.

2) Technip range of services: Engineering: feasibility, conceptual, FEED and detailed engineering services Procurement: world-wide network based on e:systems Construction, Installation and HUC Management Project Management and Financial Engineering Main engineering and project management centres: Paris, Lyon, Rome, Aberdeen, Düsseldorf, Oslo, Pori, The Hague, Houston, Rio de Janeiro, Abu Dhabi, Shanghai, New Delhi, Kuala-Lumpur, Perth Technip provides a diverse range of services that includes the following: Engineering from early feasibility, conceptual and Front End Engineering Design, through to detailed engineering including construction and installation engineering services. Technip has a world-wide Procurement network for purchasing equipment or bulk items, all based on internet e:systems. Technip provides Construction, Installation and HUC Management and is particularly strong in Project Management, whether controlling lump sum turnkey projects or providing Project Management services. Technip also has a Financial Engineering group that can arrange project finance through a diverse range of sources. Technip has main engineering and project management centres in the following cities: Paris, Lyon, Rome, Aberdeen, Düsseldorf, Oslo, Pori, The Hague, Houston, Rio de Janeiro, Abu Dhabi, Shanghai, New Delhi, Kuala-Lumpur and Perth.

2) Technip range of services (continued): A fleet of 15 subsea installation and construction vessels 3 construction sites: US Gulf Coast Finland Caspian DeepBlue and Nansen spar Technip has a fleet of 15 subsea installation, construction and pipelay vessels. It also has 3 construction sites with GMF located at Corpus Christi in the US Gulf Coast; its Mantyluoto yard located near Pori in Finland and its Zykh yard located near Baku in the Caspian (which is currently being upgraded for the BP Shah Deniz project). GMF - Corpus Christi Mantyluoto - Pori Zykh Baku

3) Technip range of products: Process technologies including: Gas sweetening and sulphur recovery NGL extraction and LNG liquification Progressive crude distillation Hydrogen and Synthesis gas Gas to liquids (GTL) Ethylene, fertilisers, pharmaceuticals Platform technologies including: TPG 500 jack-up drilling and production TPG 500 MFC (Multi-Field Concept) TPG 500 jackdeck platform Unideck floatover installation system Technip has a large capability and considerable experience in Process technologies including: Gas sweetening and sulphur recovery; NGL extraction and LNG liquefaction; Progressive crude distillation; Hydrogen and Synthesis gas; Gas to liquids (GTL); Ethylene, fertilisers and pharmaceuticals. Technip's fixed platform technologies include: the TPG 500 jack-up drilling and production platform; the TPG 500 MFC (Multi-Field Concept); the TPG 500 Jackdeck platform and the Unideck floatover installation system, all of which are described later.

3) Technip range of products (continued): Floating production: Coflexip flexible flowlines Reeled Steel Catenary risers Duco umbilicals Perry Slingsby Systems ROV's and robotics The SPAR platform The EDP platform Suction Embedded Plate Anchors (SEPLA) FPSO jackdeck Technip is particularly strong in Floating production technology and offers: Coflexip flexible flowlines (the product that enabled the floating production industry to expand so rapidly in the 1980's and which still commands the major share of the market); reeled steel pipelines, reeled Steel Catenary Risers (SCR's) and reeled pipe-in-pipe products; umbilicals through Duco; ROV's and robotics through Perry Slingsby; the SPAR platform (of which 10 have been ordered), the Extended Draft Platform (EDP - a deep draft semi-submersible platform for supporting dry trees and SCR's); Suction Embedded Plate Anchors (SEPLA) and the FPSO Jackdeck which enables super modules of 20,000 tonnes to be installed on FPSO hulls in one operation (thereby avoiding time consuming piece-small assembly and HUC).

4) Technip main projects in the Caspian region (last 5 yrs) Loc. Project Client Cont. Finish Az TPG 500 platform BP R+LS 2006 Tu Diesel Hydrotreater Turkmenneftegas LSTK 2005 Az Preset moorings C-T & ExxonMobil R+LS Ongoing Uz Pyrotechnic plant Uzprommashimpeks LS 2002 Uz Na & Mg Chlorate Ferghana P.O.AZOT LS 2002 Tu Lube oil plant Turkmenneftegas LSTK 2001 Tu Refinery expansion Turkmenneftegas LS 2001 Ka Ethanol unit Kazpischeprom-K. LS 1999 Ka Drill barge Sunkar Parker D./ OKIOC LS+R 1999 RF J/U Marawah imp+up Khazoil LS 1999 RF Dada Gorgud upgr. CIPCO LS+R 1998 Az Istigal drilling upgr. BP LS 1998 Tu S.Kamyschldsha FD Turkmenneftegas LSTK 1998 Ka Alcohol plant Parastatal LS 1998 Technip has a long track record of performing major projects in the Caspian region. During the last 5 years, and excluding engineering studies, Technip has executed the following main projects: Loc. Project Client Cont. Finish Az TPG 500 platform BP R+LS 2006 Tu Diesel Hydrotreater Turkmenneftegas LSTK 2005 Az Preset moorings C-T & ExxonMobil R+LS Ongoing Uz Pyrotechnic plant UzprommashimpeksLS 2002 Uz Na & Mg Chlorate Ferghana P.O.AZOTLS 2002 Tu Lube oil plant Turkmenneftegas LSTK 2001 Tu Refinery expansion Turkmenneftegas LS 2001 Ka Ethanol unit Kazpischeprom-K. LS 1999 Ka Drill barge Sunkar Parker D./ OKIOC LS+R 1999 RF J/U Marawah imp+upKhazoil LS 1999 RF Dada Gorgud upgr. CIPCO LS+R 1998 Az Istigal drilling upgr. BP LS 1998 Tu S.Kamyschldsha FDTurkmenneftegas LSTK 1998 Ka Alcohol plant Parastatal LS 1998 This list indicates a wide coverage of the Caspian region and the predominance of lump sum contracts reflects Technip's strength in Project Management and hence willingness to assume risk.

5) Products / technologies for offshore Turkmenistan TPG 500 jack-up drilling and production platform: Designed to fixed platform rules - over 30 year field life Proven - 2 installed in N.Sea - excellent HSE performance Self installing - no crane vessel or barge, just 3-4 tugs Maximum onshore commissioning - no flotel Flexible fabrication and assembly method Low abandonment cost - re-use potential Technip has a number of proprietary technologies that are appropriate to Offshore Caspian. For Offshore Turkmenistan, with shelf water depths of up to around 100 metres, the following technologies are appropriate: TPG 500 jack-up drilling and production platform: The TPG 500 is a jack-up drilling and production platform which, unlike a mobile drilling unit that requires onshore inspections every 5 years, is designed to fixed platform rules and can remain offshore for over 30 years. The concept is proven with two TPG 500 platforms already installed in the harsh environment of the North Sea where they have achieved excellent HSE performance. The TPG 500 platform is self-installing and therefore does not require a heavy lift crane vessel or barge, just 3-4 tugs. This means that installation can be performed without the risks associated with the availability and mob/de-mob of a large marine vessel. The concept permits maximum onshore commissioning and therefore no requirement for a large offshore workforce and flotel. The TPG 500 platform, with its buoyant hull, has flexibility in its fabrication and assembly. For example, the BP Shah Deniz platform is being constructed in self-floating strips in Singapore, which are brought through the Volga-Don canal and assembled at Technip's Zykh yard in Baku. Platform removal is the reverse of installation and hence there is a low abandonment cost and a high re-use potential. BP Harding Elf Elgin Shah Deniz platform and assembly method

5) Products / technologies for offshore Turkmenistan TPG 500 MFC (Multi-Field Concept) platform: Jack-up drilling, production platform with integrated subsea oil storage tank Design derived from the TPG 500 series of platforms Re-locatable - suitable for: early production systems for multiple fields fields with limited local infrastructure production of heavy or waxy crudes The TPG 500 MFC is a jack-up drilling, production platform with an integrated subsea oil storage tank. Its design is derived from the proven TPG 500 series of platforms. It is re-locatable and therefore suitable for: early production systems for multiple fields; fields with limited local infrastructure (such as platforms remote from oil or gas export pipelines); production of heavy crudes (where dry trees are required for maintenance of downhole pumps) or waxy crudes (where product mixing is not economically favourable).

5) Products / technologies for offshore Turkmenistan TPG 500 jackdeck platform: Incorporates conventional integrated truss deck for topsides facilities Deck fully commissioned onshore, minimum offshore HUC and rapid operation Transport and installation using a barge Single installation operation Legs lowered and deck elevated using the TPG 500 jacking systems No HLV or flotel required Low abandonment cost - re-use potential The TPG 500 jackdeck platform incorporates a conventional integrated truss deck to support the topsides facilities. The deck is fully commissioned onshore and hence there is a minimum of offshore HUC and rapid start-up and operation are therefore possible. The platform is transported to the field and installed using a barge in a single operation. The legs are lowered and the deck elevated using the proven TPG 500 jacking systems. As a result, no HLV or flotel is required. Platform removal is the reverse of installation and hence there is a low abandonment cost and a high re-use potential.

5) Products / technologies for offshore Turkmenistan Unideck floatover system: 2,200-18,000 tonne decks installed Suitable for West African long period swells using hydraulic jacks for rapid load transfer Minimum load applied to the jacket (soft mooring lines/rubber fenders) No HLV required Deck fully commissioned and tested onshore Minimum offshore hook-up The Unideck floatover system has been used to successfully install integrated decks of between 2,200 and 18,000 tonnes. The design is also suitable for West Africa where the long period swells create excessive heaving of the barge and where proprietary hydraulic jacks are used for rapid load transfer. Loads applied to the jacket are minimised by the use of soft mooring lines and rubber fenders. No HLV is required, the deck is fully commissioned and tested onshore and therefore there is a minimum of offshore hook-up and commissioning.

Conclusions: Technip is the largest European O&G services company with a world-wide network of facilities Offers a wide range of engineering management, construction and installation services Has technologies well suited to Caspian projects Has a long established track-record of executing major projects in the Caspian region Technip is the largest European Oil & Gas services company with a world-wide network of facilities. It offers a wide range of engineering management, construction and installation services. It has technologies well suited to Caspian projects especially offshore Turkmenistan. Technip has a long established track-record of executing major projects in the Caspian region and is keen to continue and grow its business in Turkmenistan both onshore and offshore.