http://www.businesswire.com/news/home/20100721007037/en

2010 outlook confirmed
PARIS–(Business Wire)–
Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708):

SECOND QUARTER 2010 RESULTS

* Revenue of €1,485 million, of which €688 million in Subsea
* Group operating margin of 10.8%
* Net Income of €106 million
* Net cash of €1,498 million
* Backlog of €8,263 million, underpinned by an order intake of €1,521 million

FULL YEAR 2010 OUTLOOK CONFIRMED*

* Group revenue around €5.9 – 6.1 billion
* Subsea revenue around €2.6 – 2.7 billion
* Subsea operating margin above 15%
* Onshore/Offshore combined operating margin stable year-on-year

* second quarter average exchange rates

€ million 2Q 09 2Q 10 % change ex. FX impact 1H 09 1H 10 % change ex. FX impact
(except EPS)
Revenue 1,732.0 1,484.5 (14.3)% (18.4)% 3,301.0 2,802.9 (15.1)% (17.5)%
EBITDA(1) 241.5 195.9 (18.9)% (24.7)% 432.2 370.4 (14.3)% (18.4)%
EBITDA Margin 13.9% 13.2% (75) bp 13.1% 13.2% 12 bp
Operating Income from recurring activities 196.0 160.5 (18.1)% (24.5)% 349.9 299.7 (14.3)% (18.8)%
Operating Margin 11.3% 10.8% (50) bp 10.6% 10.7% 9 bp
Operating Income 188.2 162.5 (13.7)% 347.3 301.7 (13.1)%
Net Income 116.2 106.1 (8.7)% 215.3 202.0 (6.2)%
EPS (€) 1.08 0.98 (9.5)% 2.01 1.87 (7.2)%
(1) Calculated as Operating Income from recurring activities pre depreciation and amortization

On July 20, 2010, Technip`s Board of Directors approved the unaudited second
quarter 2010 consolidated accounts. Chairman and CEO Thierry Pilenko commented:
“At the half of year, Technip remains on track to deliver its 2010 objectives,
following two quarters of good project execution and delivery across all
segments.

During the second quarter we made good progress on key projects in Subsea, and
despite lower activity in the North Sea and Asia, we accordingly delivered a
solid operating margin above our expectations at 16.9%. In Onshore/Offshore the
underlying profitability of our newer book of business combined with the
completion of key projects drove a satisfactory operating margin of 7.1%.

Order intake was €1,521 million split nearly 50:50 between Subsea and
Onshore/Offshore. In Subsea, major orders include Tupi pilot in Brazil and
Burullus in Egypt. In Onshore/Offshore, we took a significant reimbursable EPCIC
order in Asia, a project for Eastern Europe and various other projects.

Our expectations for an improvement in the North Sea have been confirmed by a
pick up in awards in the quarter notably on the Norwegian side: we expect this
to continue in the second half. Brazil continues to show promise and prospects
in the Middle East and Asia are substantial although competition remains intense
particularly Onshore.

It is difficult to predict all of the repercussions from the tragic incident in
the Gulf of Mexico. At this stage, there has been no adverse impact on our 2010
operations. The drilling moratorium will likely delay near-term FIDs for Subsea
and Offshore order intake in the Gulf even if FEEDs and studies continue to be
awarded. In the longer term we believe operators will everywhere prefer to work
with contractors that have been investing consistently in safety,
high-performing assets, operational excellence, and technology – elements that
are central to Technip`s strategy.

For the balance of the year, we will continue to focus on the key drivers of our
business: good project execution (notably for our Subsea projects in
installation phase), and a balanced, profitable order intake. Furthermore
Technip will continue to invest in its strategy, with a particular focus on
local content and partnerships, technology and hiring key talent throughout our
business.”

I. SECOND QUARTER 2010 REPORT

1. Operational Highlights

Subsea business segment`s main events were:

* In the Gulf of Mexico:

* Cascade & Chinook project was successfully completed,
* Offshore operations on other projects continued as planned,

* Pipelayer Apache II sea trials were completed in May. She successfully
completed her first projects: Talisman Auk North and Burghley in the North Sea,
* Vessel utilization rate was 70% compared with 83% a year ago and 70% in the
first quarter 2010,
* Offshore operations continued on Jubilee field in Ghana,
* Procurement and fabrication progressed well in preparation for offshore
operations on Pazflor and Block 31 projects in Angola,
* Operations offshore Brazil on the Tupi gas export pipeline continued,
* Good activity at flexible pipe production units continued.

Offshore business segment`s main events were:

* FEED activities continued to progress as planned for Floating LNG contracts
for Shell Prelude field near Australia and for Petrobras in Brazil,
* FEED activities progressed on Wheatstone gas processing platform for offshore
Australia,
* Projects in Brazil and Asia progressed well.

In the Onshore business segment:

* Construction and pre-commissioning continued to progress for Qatargas 3&4
Trains 6 and 7 in Qatar,
* Dung Quat refinery in Vietnam was turned over to the Client,
* Saudi Arabian Khursaniyah gas plant, Trains 1 & 2 were turned over to the
client,
* Second train of the Yemen LNG natural gas liquefaction plant turned over to
the client,
* Construction activities and pre-commissioning progressed well, and
commissioning started on the Gdańsk refinery for Grupa Lotos in Poland,
* Engineering and procurement continued for the Jubail refinery in Saudi Arabia;
early construction works started,
* Biodiesel plants for Neste Oil progressed well with construction in Rotterdam,
The Netherlands, while commissioning started in Singapore,
* Basic engineering was completed while detailed engineering and procurement
progressed as planned on the Yinchuan, Ningxia LNG in China.

2. Order intake and Backlog

During second quarter 2010, Technip`s order intake was €1,521 million compared
with €873 million in second quarter 2009. The breakdown by business segment for
the second quarter was as follows:

€ million 2Q 09 2Q 10
Subsea 528.7 60.6% 772.8 50.8%
Offshore 119.9 13.7% 318.6 20.9%
Onshore 224.3 25.7% 429.9 28.3%

Subsea order intake of €773 million comprised notably of a wide variety of
projects in the North Sea including Devenick for BP, the Marulk reeled
pipe-in-pipe project for Eni and several frame agreements (BP, BG, and Statoil).
We won several contracts in Brazil including Tupi 2Pilot, and in Egypt, where we
were awarded the West Delta Deep Marine (WDDM) Phase VIIIa project for Burullus.

Onshore/Offshore order intake included a significant reimbursable EPCIC project
in Asia, as well as an extension of the Artificial Island FEED in UAE for ZADCO
and several small and medium-sized projects in Europe and Latin America.

Listed in annex II (d) are the main contracts announced during second quarter
2010 and their approximate value if publicly disclosed.

At the end of second quarter 2010, Technip`s backlog rose to €8,263 million,
compared with €8,018 million at the end of fourth quarter 2009 and €6,066
million at the end of second quarter 2009. Approximately 35% of the backlog is
expected to be executed in the second half of 2010.

The backlog breakdown by business segment is as follows:

€ million June 30, 2009 June 30, 2010
Subsea 3,115.9 51.4% 3,057.3 37.0%
Offshore 373.9 6.2% 600.8 7.3%
Onshore 2,575.9 42.4% 4,604.7 55.7%

3. Capital expenditures

Capital expenditure for second quarter 2010 was inline with expectations at €90
million compared with €175 million a year ago (which included the Apache II
acquisition).

4. Other

The ongoing investigations led by the US Department of Justice (“DOJ”) and
Securities and Exchange Commission (“SEC”) have been resolved by the signature
on June 28th, 2010 of a final agreement to fully resolve all potential claims
arising from Technip`s participation in the TSKJ joint venture between 1994 and
2004. The agreements are in line with the disclosures made previously. Technip
agreed to pay USD 240 million to the DOJ in eight equal installments over the
next two years starting in the third quarter and to the SEC USD 98 million in
July 2010.

II. SECOND QUARTER 2010 FINANCIAL RESULTS

1.Revenue

€ million 2Q 09 2Q 10 % change
Subsea 848.4 687.6 (19.0)%
Offshore 147.6 185.5 25.7%
Onshore 736.0 611.4 (16.9)%
Corporate – – nm
Total 1,732.0 1,484.5 (14.3)%

* Subsea`s major revenue contributors included Jubilee in Ghana, Caesar Tonga
and Cascade & Chinook in the Gulf of Mexico, Pazflor and Block 31 in Angola, and
various contracts in the North Sea and Brazil, for example the Tupi gas export
pipeline,
* Offshore`srevenue included the Floating LNG contracts for Shell and Petrobras,
the Wheatstone gas processing platform FEED in Australia, and numerous ongoing
contracts in Asia,
* Onshore`s major revenue contributors were the Jubail refinery and Khursaniyah
gas plant in Saudi Arabia, the Ningxia LNG in China and the Dung Quat Refinery
in Vietnam.

Foreign exchange had a positive impact of €71 million on second quarter 2010
Group revenue compared with same quarter last year.

2.Operating Income from Recurring Activities

€ million 2Q 09 2Q 10 % change
Subsea 159.1 116.1 (27.0)%
Offshore 8.8 9.0 2.3%
Onshore 38.3 47.5 24.0%
Corporate (10.2) (12.1) 18.6%
Total 196.0 160.5 (18.1)%

Subsea EBITDA margin was 21.1% versus 23.5% for the same quarter last year and
operating margin was 16.9% versus 18.8% for the same quarter last year.

The successful completion of several projects drove the combined operating
margin for Onshore/Offshore to 7.1% compared with 5.3% a year ago.

Foreign exchange had a positive impact of €13 million on second quarter 2010
Group operating income from recurring activities compared with same quarter last
year.

Financial income on projects accounted as revenue amounted to €4 million during
second quarter 2010 compared with €6 million in second quarter 2009.

3.Net Income

€ million 2Q 09 2Q 10 % change
Other operating income (7.8) 2.0 nm
Operating Income 188.2 162.5 (13.7)%
Financial charges (22.7) (8.1) (64.3)%
Income from equity affiliates 0.7 (1.0) nm
Income tax (50.1) (48.2) (3.8)%
Minority Interests 0.1 0.9 nm
Net income 116.2 106.1 (8.7)%

Financialcharges for second quarter 2010 included a €7 million negative impact
from currency variations and fair market value of hedging instruments, compared
with a €16 million negative impact for the same quarter in 2009.

The effective tax rate in the quarter was 31.4% compared with 30.1% a year ago.

The average number of shares during the period on a diluted basis is calculated
as per IFRS. For second quarter 2010 the number of shares stood at 108,076,795
versus 107,157,468 for the same quarter in 2009. The variation is mainly due to
the diluted effect of the outstanding performance shares and stock options
granted by the Board of Directors to Technip`s employees.

4.Cash and Balance Sheet

€ million
Net cash as of March 31, 2010 1,800.6
Net cash from operating activities (162.5)
of which:
Cash from operations 126.3
Change in Working capital (288.8)
Capex (89.5)
Dividend payment (143.6)
Others including currency 92.9
Net cash as of June 30, 2010 1,497.9

As of June 30, 2010, the Group`s net cash position was €1,498 million compared
with €1,784 million as of December 31, 2009 and €1,561 million as of June 30,
2009.

During second quarter 2010, cash generated from operations amounted to €126
million compared with €160 million for the same quarter in 2009. Working capital
movements had a €289 million negative impact.

Shareholders` equity as of June 30, 2010 was €2,722 million compared with €2,717
million as of December 31, 2009.

III. FULL YEAR 2010 OUTLOOK

Full year 2010 outlook remains unchanged*:

* Group revenue around €5.9 – 6.1 billion
* Subsea revenue around €2.6 – 2.7 billion
* Subsea operating margin above 15%
* Onshore/Offshore combined operating margin stable year-on-year

* second quarter average exchange rates

°

° °

The information package on Second Quarter 2010 results includes this press release and the annexes which follow as well as the presentation published on Technip`s website: www.technip.com

NOTICE

Today, July 22nd, 2010, Chairman and CEO Thierry Pilenko, along with CFO Julian
Waldron, will comment on Technip`s results and answer questions from the
financial community during a conference call in English starting at 10:00 a.m.
CET.

To participate in the conference call, you may call any of the following
telephone numbers approximately 5 – 10 minutes prior to the scheduled start
time:

France / Continental Europe: + 33 (0)1 72 00 09 84

UK: + 44 (0) 203 367 9454

USA: + 1 866 907 5924

The conference call will also be available via a simultaneous, listen-only
audio-cast on Technip`s website.

A replay of this conference call will be available approximately two hours
following the conference call for 90 days on the Technip`s website and for two
weeks at the following telephone numbers:

Telephone Numbers Confirmation Code

France / Continental Europe: + 33 (0)1 72 00 15 00 270307#

UK: + 44 (0)203 367 9460 270307#

USA: + 1 877 642 3018 270307#

Cautionary note regarding forward-looking statements

This presentation contains both historical and forward-looking statements. These
forward-looking statements are not based on historical facts, but rather reflect
our current expectations concerning future results and events and generally may
be identified by the use of forward-looking words such as “believe”, “aim”,
“expect”, “anticipate”, “intend”, “foresee”, “likely”, “should”, “planned”,
“may”, “estimates”, “potential” or other similar words. Similarly, statements
that describe our objectives, plans or goals are or may be forward-looking
statements. These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results, performance
or achievements to differ materially from the anticipated results, performance
or achievements expressed or implied by these forward-looking statements. Risks
that could cause actual results to differ materially from the results
anticipated in the forward-looking statements include, among other things: our
ability to successfully continue to originate and execute large services
contracts, and construction and project risks generally; the level of
production-related capital expenditure in the oil and gas industry as well as
other industries; currency fluctuations; interest rate fluctuations; raw
material (especially steel) as well as maritime freight price fluctuations; the
timing of development of energy resources; armed conflict or political
instability in the Arabian-Persian Gulf, Africa or other regions; the strength
of competition; control of costs and expenses; the reduced availability of
government-sponsored export financing; losses in one or more of our large
contracts; U.S. legislation relating to investments in Iran or elsewhere where
we seek to do business; changes in tax legislation, rules, regulation or
enforcement; intensified price pressure by our competitors; severe weather
conditions; our ability to successfully keep pace with technology changes; our
ability to attract and retain qualified personnel; the evolution, interpretation
and uniform application and enforcement of International Financial Reporting
Standards (IFRS), according to which we prepare our financial statements as of
January 1, 2005; political and social stability in developing countries;
competition; supply chain bottlenecks; the ability of our subcontractors to
attract skilled labor; the fact that our operations may cause the discharge of
hazardous substances, leading to significant environmental remediation costs;
our ability to manage and mitigate logistical challenges due to underdeveloped
infrastructure in some countries where we are performing projects.

Some of these risk factors are set forth and discussed in more detail in our
Annual Report. Should one of these known or unknown risks materialize, or should
our underlying assumptions prove incorrect, our future results could be
adversely affected, causing these results to differ materially from those
expressed in our forward-looking statements. These factors are not necessarily
all of the important factors that could cause our actual results to differ
materially from those expressed in any of our forward-looking statements. Other
unknown or unpredictable factors also could have material adverse effects on our
future results. The forward-looking statements included in this release are made
only as of the date of this release.We cannot assure you that projected results
or events will be achieved. We do not intend, and do not assume any obligation
to update any industry information or forward-looking information set forth in
this release to reflect subsequent events or circumstances.

****

This presentation does not constitute an offer or invitation to purchase any
securities of Technip in the United States or any other jurisdiction. Securities
may not be offered or sold in the United States absent registration or an
exemption from registration. The information contained in this presentation may
not be relied upon in deciding whether or not to acquire Technip securities.

This presentation is being furnished to you solely for your information, and it
may not be reproduced, redistributed or published, directly or indirectly, in
whole or in part, to any other person. Non-compliance with these restrictions
may result in the violation of legal restrictions of the United States or of
other jurisdictions.

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 48 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 NYSE Euronext Paris exchange and over the counter
(OTC) in the USA.

OTC ADR ISIN: US8785462099

°

° °

ANNEX I (a)

CONSOLIDATED STATEMENT OF INCOME

IFRS, unaudited

€ million Second Quarter First Half
(except EPS, and number of shares)
2009 2010 % ∆ 2009 2010 % ∆
Revenue 1,732.0 1,484.5 (14.3 )% 3,301.0 2,802.9 (15.1 )%
Gross Margin 299.9 288.4 (3.8 )% 562.3 542.1 (3.6 )%
Research & Development Expenses (14.0 ) (13.3 ) (5.0 )% (25.6 ) (26.2 ) 2.3 %
SG&A & Other Operating Expenses (89.9 ) (114.6 ) 27.5 % (186.8 ) (216.2 ) 15.7 %
Operating Income from Recurring activities 196.0 160.5 (18.1 )% 349.9 299.7 (14.3 )%
Other operating income (7.8 ) 2.0 nm (2.6 ) 2.0 nm
Operating Income 188.2 162.5 (13.7 )% 347.3 301.7 (13.1 )%
Financial Income (Charges) (22.7 ) (8.1 ) (64.3 )% (34.8 ) (11.3 ) (67.5 )%
Income from Equity Affiliates 0.7 (1.0 ) nm 1.4 – nm
Profit Before Tax 166.2 153.4 (7.7 )% 313.9 290.4 (7.5 )%
Income Tax (50.1 ) (48.2 ) (3.8 )% (94.5 ) (90.0 ) (4.8 )%
Tax on Sale of Activities – – – –
Minority Interests 0.1 0.9 nm (4.1 ) 1.6 nm
Net Income 116.2 106.1 (8.7 )% 215.3 202.0 (6.2 )%

Number of Shares on a Diluted Basis 107,157,468 108,076,795 106,886,791 108,007,347

EPS (€) on a Diluted Basis 1.08 0.98 (9.5 )% 2.01 1.87 (7.2 )%

1 As per IFRS, Earnings Per Share (diluted) is calculated by dividing profit or
loss attributable to the Parent Company`s Shareholders by the weighted average
number of outstanding shares during the period, plus the effect of dilutive
stock options and performance shares calculated according to the “Share Purchase
Method” (IFRS 2), less treasury shares. In conformity with this method,
anti-dilutive stock options are ignored in calculating EPS. Dilutive options are
taken into account if the subscription price of the stock options plus the
future IFRS 2 charge (i.e. the sum of annual charge to be recorded until the end
of the stock option plan) is lower than the average market share price during
the period.

ANNEX I (b)

CONSOLIDATED BALANCE SHEET IFRS

€ million Dec. 31, 2009 June 30, 2010
(audited) (unaudited)

Fixed Assets 3,646.0 3,812.4
Deferred Taxes 263.8 383.8
NON-CURRENT ASSETS 3,909.8 4,196.2

Construction Contracts 158.0 248.2
Inventories, Trade Receivables and Others 1,845.9 1,913.5
Cash & Cash Equivalents 2,656.3 2,404.1
CURRENT ASSETS 4,660.2 4,565.8

TOTAL ASSETS 8,570.0 8,762.0

Shareholders` Equity (Parent Company) 2,686.7 2,695.3
Minority Interests 30.4 26.9
SHAREHOLDERS` EQUITY 2,717.1 2,722.2

Non-Current Debts 844.5 244.2
Non-Current Provisions 100.4 113.2
Deferred Taxes and Other Non-Current Liabilities 124.9 122.1
NON-CURRENT LIABILITIES 1,069.8 479.5

Current Debts 28.2 662.0
Current Provisions 484.1 262.5
Construction Contracts 975.6 706.5
Accounts Payable & Other Advances Received 3,295.2 3,929.3
CURRENT LIABILITIES 4,783.1 5,560.3

TOTAL SHAREHOLDERS` EQUITY & LIABILITIES 8,570.0 8,762.0

Changes in Shareholders` Equity (Parent Company), unaudited
Shareholders` Equity as of December 31, 2009 2,686.7
First Half 2010 Net Income 202.0
Capital Increases 2.6
IAS 32 and 39 Impacts (174.3 )
Dividend Payment (143.6 )
Treasury Shares 0.8
Translation Adjustments and Other 121.1
Shareholders` Equity as of June 30, 2010 2,695.3

ANNEX I (c)

CONSOLIDATED STATEMENT OF CASH FLOWS

IFRS, unaudited

First Half
€ million 2009 2010

Net Income 215.3 202.0
Depreciation of Fixed Assets 82.2 70.8
Stock Option and Performance Share Charges 13.8 5.7
Long-Term Provisions (including Employee Benefits) 3.0 2.0
Carry Forwards not previously Recognized – –
Deferred Income Tax (11.8) (40.7)
Capital (Gain) Loss on Asset Sale (0.7) (9.8)
Minority Interests and Other 5.5 (1.6)
Cash from Operations 307.3 228.4

Change in Working Capital (44.4) (366.5)

Net Cash Provided by (Used in) Operating Activities 262.9 (138.1)

Capital Expenditures (232.9) (150.8)
Cash Proceeds from Asset Sales 1.2 21.6
Acquisitions of Investments, net of cash acquired (7.4) (28.9)
Change of scope of consolidation – 2.4

Net Cash Provided by (Used in) Investment Activities (239.1) (155.7)

Increase (Decrease) in Debt 46.2 9.9
Capital Increase 0.0 2.6
Dividend Payment (127.5) (143.6)
Treasury Shares – (6.8)

Net Cash Provided by (used in) Financing Activities (81.3) (137.9)

Foreign Exchange Translation Adjustment 36.2 180.3

Net Increase (Decrease) in Cash and Equivalents (21.3) (251.4)

Bank overdraft at Period Beginning (4.2) (1.2)
Cash and Equivalents at Period Beginning 2,404.7 2,656.3
Bank overdraft at Period End (0.1) (0.4)
Cash and Equivalents at Period End 2,379.2 2,404.1
(21.3) (251.4)

ANNEX I (d)

TREASURY AND FINANCIAL DEBT – CURRENCY RATES

IFRS

€ million Treasury and Financial Debt
Dec. 31, 2009 June 30, 2010
(audited) (unaudited)
Cash Equivalents 2,140.6 1,674.5
Cash 515.7 729.6
Cash & Cash Equivalents (A) 2,656.3 2,404.1
Current Debts 28.2 662.0
Non Current Debts 844.5 244.2
Gross Debt (B) 872.7 906.2
Net Financial Cash (Debt) (A – B) 1,783.6 1,497.9

€ versus Foreign Currency Conversion Rates

Statement of Income Balance Sheet as of
2Q 09 2Q 10 1H 09 1H 10 Dec. 31, 2009 June 30, 2010

USD 1.36 1.27 1.33 1.35 1.44 1.23
GBP 0.88 0.85 0.89 0.88 0.89 0.85

ANNEX II (a)

REVENUE BY REGION

IFRS, unaudited

Second Quarter First Half
€ million 2009 2010 % Δ 2009 2010 % Δ
Europe, Russia, C. Asia 492.1 430.1 (12.6)% 867.4 696.1 (19.7)%
Africa 279.3 218.9 (21.6)% 458.7 510.3 11.2%
Middle East 325.8 304.5 (6.5)% 738.5 586.4 (20.6)%
Asia Pacific 199.3 184.5 (7.4)% 407.7 350.8 (14.0)%
Americas 435.5 346.5 (20.4)% 828.7 659.3 (20.4)%
TOTAL 1,732.0 1,484.5 (14.3)% 3,301.0 2,802.9 (15.1)%

ANNEX II (b)

ADDITIONAL INFORMATION BY BUSINESS SEGMENT

IFRS, unaudited

€ million 2Q 09 2Q 10 % ∆ 1H 09 1H 10 % ∆
SUBSEA
Revenue 848.4 687.6 (19.0 )% 1,464.0 1,319.4 (9.9 )%
Gross Margin 196.5 168.2 (14.4 )% 360.4 323.3 (10.3 )%
Operating Income from Recurring Activities 159.1 116.1 (27.0 )% 277.5 224.3 (19.2 )%

Depreciation and Amortization (40.1 ) (29.2 ) (27.2 )% (69.6 ) (58.5 ) (15.9 )%
EBITDA(1) 199.2 145.3 (27.1 )% 347.1 282.8 (18.5 )%

OFFSHORE
Revenue 147.6 185.5 25.7 % 294.7 327.5 11.1 %
Gross Margin 24.4 26.0 6.6 % 44.7 50.6 13.2 %
Operating Income from Recurring Activities 8.8 9.0 2.3 % 15.4 20.0 29.9 %

Depreciation and Amortization (2.5 ) (2.7 ) 8.0 % (4.9 ) (4.9 ) 0.0 %

ONSHORE
Revenue 736.0 611.4 (16.9 )% 1,542.3 1,156.0 (25.0 )%
Gross Margin 79.0 94.5 19.6 % 157.2 168.5 7.2 %
Operating Income from Recurring Activities 38.3 47.5 24.0 % 74.7 75.1 0.5 %

Depreciation and Amortization (3.1 ) (2.7 ) (12.9 )% (7.1 ) (6.5 ) (8.5 )%

CORPORATE
Operating Income from Recurring Activities (10.2 ) (12.1 ) 18.6 % (17.7 ) (19.7 ) 11.3 %

Depreciation and Amortization 0.2 (0.8 ) nm (0.7 ) (0.8 ) 14.3 %

(1) Calculated as Operating Income from recurring activities before depreciation
and amortization

ANNEX II (c)

ORDER INTAKE & BACKLOG

unaudited

Order Intake by Business Segment
Second Quarter
€ million 2009 2010 % Δ
Subsea 528.7 772.8 46.2%
Offshore 119.9 318.6 2.7x
Onshore 224.3 429.9 1.9x
TOTAL 872.9 1,521.3 74.3%

Backlog by Business Segment
€ million As of As of As of
June 30, 2009 Dec. 31, 2009 June 30, 2010
Subsea 3,115.9 3,053.0 3,057.3
Offshore 373.9 467.9 600.8
Onshore 2,575.9 4,497.4 4,604.7
TOTAL 6,065.7 8,018.3 8,262.8

Backlog by Region
€ million As of As of As of
June 30, 2009 Dec. 31, 2009 June 30, 2010
Europe, Russia, C. Asia 1,152.7 1,440.2 1,716.0
Africa 1,583.5 1,505.6 1,341.5
Middle East 1,182.2 3,062.7 3,066.3
Asia Pacific 618.8 643.3 660.5
Americas 1,528.5 1,366.5 1,478.5
TOTAL 6,065.7 8,018.3 8,262.8

June 30, 2010 Backlog Estimated Scheduling

SUBSEA OFFSHORE ONSHORE GROUP
€ million
For 2010 (6 months) 1,264.1 367.9 1,263.5 2,895.5
For 2011 1,439.1 195.2 2,265.3 3,899.6
For 2012 and beyond 354.1 37.7 1,075.9 1,467.7
TOTAL 3,057.3 600.8 4,604.7 8,262.8

ANNEX II (d)

ORDER INTAKE

unaudited

In Second quarter 2010, Technip`s order intake reached €1,521 million compared with €873 million for the same period the year before. The main contracts that we announced during second quarter 2010 were:
* Onshore was awarded two contracts, together worth approximately €115 million, by Hindustan Petroleum Corporation Ltd. (HPCL) for their diesel hydrotreater project in the Visakh refinery, on the east coast of India,
* Onshore was awarded three lump sum turnkey contracts for Mangalore Refinery & Petrochemicals Ltd. (MRPL), worth a total value of approximately €25 million, for the Phase III Expansion Project for a refinery located in Mangalore on the west coast of India,
* Subsea was awarded by Statoil ASA a three-year framework contract for the design, fabrication and supply of flexible pipe products for projects in Norway,
* Subsea was awarded a contract by Petrobras for the Tupi pilot infield lines. This field is located at a water depth of 2,200 meters in the pre-salt layer of the Santos Basin, approximately 300 kilometers offshore the Brazilian coast,
* Subsea was awarded a contract worth approximately €30 million by Statoil ASA for the fabrication and installation of a 30.5 kilometer-long pipe-in-pipe flowline to support the Marulk field development in the Norwegian sea,
* Subsea was awarded an engineering, procurement, installation and construction (EPIC) contract by Eni for the Kitan field development project, located in approximately 350 meters of water in the Timor Sea, 500 kilometers off the Australian coast,
* Subsea was awarded a major four-year term agreement by BG Group for the provision of pre-FEED, FEED, full EPIC and IRM services in both the United Kingdom and Norwegian Continental Shelves. The agreement contains a provision to extend the contract with a further three, one-year options,
* Subsea was awarded a lump sum engineering, procurement, installation and construction (EPIC) contract by Burullus Gas Company SAE for the West Delta Marine (WDDM) Phase VIIIa development project. The contract value is in excess of USD300 million. It involves an expansion of the WDDM facilities, located 95 kilometers offshore Egypt in the Mediterranean Sea.

Since July 1, 2010, Technip has also announced the award of the following contracts that were included in the backlog as of June 30, 2010:
* Subsea was awarded by BP two significant contracts, with a combined total value in the region of GBP100 million. The first award is a three-year diving repair & maintenance (R&M) frame agreement contract with two further one year options. The second is a major engineering and installation contract for the development of the Devenick field, located 234 kilometers north east of Aberdeen,
* Subsea was awarded by BP Exploration Operating Company Ltd a contract, worth approximately €14 million, for the Andrew field development. This field is located 230 kilometers north east of Aberdeen, in the United Kingdom North Sea.

Since July 1, 2010, Technip has also announced the award of the following
contracts that were included in the backlog as of June 30, 2010:

* Subsea was awarded by BP two significant contracts, with a combined total
value in the region of GBP100 million. The first award is a three-year diving
repair & maintenance (R&M) frame agreement contract with two further one year
options. The second is a major engineering and installation contract for the
development of the Devenick field, located 234 kilometers north east of
Aberdeen,

* Subsea was awarded by BP Exploration Operating Company Ltd a contract, worth
approximately €14 million, for the Andrew field development. This field is
located 230 kilometers north east of Aberdeen, in the United Kingdom North Sea.

Technip
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 78 66 74
kstewart@technip.com
or
Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
Floriane Lassalle-Massip, +33 (0) 1 47 78 32 79
press@technip.com
Technip`s website: http://www.technip.com
Technip`s IR website: http://investors-en.technip.com
Technip`s IR mobile website: http://investors.mobi-en.technip.com

Copyright Business Wire 2010