Technip Brazil: Solid Local Foundations for Profitable Growth

Paulo Veronesi, Subsea Commercial Director, Brazil Investor Day in Brazil, October 4, 2011 Key Aspects of Brazil’s Economy

ƒ One of the world’s largest economies ƒ 193 million inhabitants over 8.5 million km² ƒ 2010 nominal GDP: US$2.1 trillion (Ranked 8th globally) ƒ World’s seventh-largest oil consumer(1) ƒ Driven by natural resources

ƒ ~40% of stock market capitalization (IBOVESPA index) ƒ 2.1 mb/d oil production ƒ US$74 billion of agricultural exports(2) ƒ Forthcoming sports events trigger significant investments ƒ Soccer World Cup in 2014 and Olympic Games in 2016

Source: Brazilian National Petroleum Agency (ANP), CIA World Factbook, IHS Global Insight, MDIC (1) Domestic oil demand of ~2 mb/d (2) From November 2009 to October 2010

2 Investor Day in Brazil, October 4, 2011 Focus on the Oil Industry

Expected oil production Diversified customer base (Thousand barrels per day)

5 000 ƒ National company: 4 900 CAGR: 8.7% ƒ 98.5% of Brazilian production 4 000 ƒ ~14 billion boe of proved oil reserves

3 000 CAGR: ƒ Other operators 5.3% 2 000 2 137 1 716 1 268 1 000 … 2000 2005 2010 2020

Brazil’s oil production is estimated to double by 2020

Source: BP Statistical Review of World Energy 2011, Bradesco Corretora, Petrobras, PFC Energy.

3 Investor Day in Brazil, October 4, 2011 Brazil’s Leadership in Deepwater

Worldwide new discoveries 2005 - 2010 Deepwater discoveries (33,989 million bbl) (300 - 1,500 meters)

ƒ Deepwater accounts for 50% of worldwide discoveries over the last 5 years ƒ Development of these reserves will demand additional capacity from the supply chain

Deepwater discoveries in Brazil represent 1/3 of worldwide discoveries in the last 5 years

Source: Petrobras, PFC Energy

4 Investor Day in Brazil, October 4, 2011 Development of Conventional & Pre-salt Fields

Conventional field (Campos) Pre-salt development (Santos)

ƒ Progressive development (since 1974) ƒ Fast track develoment ƒ Reserves: ~16bn boe proved reserves ƒ Reserves: ~13 to 15bn boe(1) ƒ 2011e production : ~2,058 kboe/d ƒ 2011e production: ~42 kboe/day(2)

ƒ 2015 objective: maintain production ƒ 2015 objective: rapid production ƒ 2011 - 2015 investments: US$64bn ramp-up ƒ 2011 - 2015 investments: US$53bn

ƒ Conventional environment ƒ Challenging environment ƒ Shallow to deepwater ƒ Deep to ultra deepwater ƒ Installed flexible pipes: ~5,000km ƒ Remote area ƒ Field depletion ƒ Corrosive fluid ƒ Oil with associated gas

Source: Petrobras 2011-2015 Business Plan (1) Lula, Cernambi fileds, Iara, Guara and Parque das Baleias blocks; including 5bn boe transfer right (2) Pre-Salt and transfer of rights 5 Investor Day in Brazil, October 4, 2011 Field Development Solutions in Brazil

Jumpers

6

Risers

Export lines

Infield flowlines

Flexible riser & jumper Flexible flowline IPB flexible pipe IPB(1) Rigid riser/flowline/export

(1) Integrated Production Bundle 6 Investor Day in Brazil, October 4, 2011 Visibility on FPSO Delivery Schedule

FPSO Delivery Schedule (Petrobras, OGX, Statoil)

9 8 7

4

2012 2013 2014 2015

Guara Pilot 2 - Cidade Lula NE - Cidade de Guara Norte Franco 1 - Cessao de Sao Paulo Paraty Onerosa Baleia Azul - Cidade de Parque das Baleias - P-58 Cernambi Sul BMS-9 or 11 - P-67 Anchieta (Replicante 2) ... Roncador Module 4 - P-62 Baleia Azul - Post-salt BMS-9 or 11 - P-66 (Replicante 1) … OSX-4 to 7 OSX-8 to OSX-10

Peregrino II …

28 FPSO’s to be delivered by 2015 …

7 Investor Day in Brazil, October 4, 2011 Tendering Activity Driven by FPSO Deliveries

Flexible Supply Long Term Charters EPIC Rigids Logistics Bases

Baleia Azul / Espardate Normand Progress Deep Capixaba Vitória Logistics Base

Fluid Logistics Base P-58 FPSO Baleia Azul Field Skandi Vitória BC-10 Phase 2 Contract with Brazil Supply Additional Logistics P-62 FPSO Roncador Field Sunrise 2000 Shallow Capixaba Contract Guara/Lula NE Flowlines, Guara/Lula North East Export Skandi Niteroi … Jumpers & Gas Export Lines Pipelines Lula NE/Cernambi - 18" Rigid … Deep Constructor Gas Export Guara Norte/Cernambi/ Lula 6 Flex-lay Vessels Central/Lula Alto Infield & Export System

Cabinas 24’’ … Gas Export Technip Wins

… Awarded Projects

Bids in Progress

8 Investor Day in Brazil, October 4, 2011 Brazilian Business Environment is Complex

ƒ Regulatory framework

ƒ States and federal systems with different jurisdictions

ƒ Management of resources and logistics

ƒ Decision processes

ƒ Tax system

ƒ Environmental requirements

Understanding local specificities is key to success

9 Investor Day in Brazil, October 4, 2011 Technip in Brazil: 35 Years of Operations

1st IPB in Brazil (Papa-Terra) 1st Brazilian PLSV: Skandi Vitória

~3,200 people Roncador Subsea Field Development & P-52 Platform 2010 1,800m water depth 2007 1st LTC with Petrobras Sunrise 2011 Garoupa Platform 1st flexible pipe installed Tupi Gas Export 2009 nd 100m water depth 1995 2 Brazilian PLSV ~2,000 people Skandi Niteroi 1977 2001 P-58/P-62 Brazilian FPSOs Acquisition of Angra Porto logistics base UTC Engineering ~20 people 1986 1st Flexible manufacturing plant: Flexibras

Unique experience to understand local specificities

10 Investor Day in Brazil, October 4, 2011 Technip in Brazil Today

ƒ ~3,200 people ƒ All business segments Repar Hydrogenation unit ƒ Subsea ƒ Onshore/Offshore ƒ Full range of services

ƒ Engineering to operations P-56 - 1st Semi-sub built in Brazil ƒ Conceptual studies to LSTK EPC contracts

PLSV Skandi Niteroi

Market leader across the full value chain

11 Investor Day in Brazil, October 4, 2011 Continuous Investment In Local Capabilities

ƒ Largest integrated O&G services capability ƒ Number of local employees from ~1,500 in 2003 to ~3,200 in 2011 ƒ 97% of total workforce is Brazilian People

ƒ Port of Angra, located next to pre-salt fields ƒ 78,000 square meters ƒ 350 meters berth ƒ Channel access Critical Logistics

ƒ Only flexlay vessels with Brazilian flag: Skandi Vitória & Skandi Niteroi ƒ State-of-the-art flexible manufacturing facility ƒ High-end flexible manufacturing plant under construction Assets

ƒ Brazilian R&D center for pre-salt & ultra deepwater ƒ Close collaboration with key clients ƒ Product qualification ƒ Proprietary internal test center ƒ World class equipment On-Site R&D

12 Investor Day in Brazil, October 4, 2011 Strong Commitment to Health, Safety and Environment (HSE)

Total Recordable Case Frequency ƒ PULSE program ƒ More than 200 managers and Per 200,000 hours worked 2,5 supervisors trained in Brazil (end 2010) ƒ Specific sessions organized on projects with clients 2 ƒ FOCOS program – Vitória manufacturing plant 1,5 ƒ Development of safe behaviour ƒ Based on observation by co-workers 1 ƒ More than 5,500 observations to date

ƒ Project CONSERVAR 0,5 ƒ Waste management ƒ Reduction of energy and water 0 consumption ƒ Management of CO2 footprint 1999 2001 2003 2005 2007 2009 2011

TRCF Goal

13 Investor Day in Brazil, October 4, 2011 Sustainable and Responsible Presence in Brazil

ƒ Increasing project local content ƒ Energizing Brazilian economy through long-term presence and extensive local supplier network ƒ Promoting local employment: 97% of employees are Brazilian ƒ Fostering cross-center collaboration and skills transfer

Social Activities team on Technip office rooftop ƒ Supporting local communities ƒ “Projeto Brilhante”: large-scale training program launched in 2007 to help underprivileged find employment at Technip ƒ Participation in the construction of local buildings and infrastructures, charity events, donations for health causes…

ƒ Reducing Technip’s impact on the environment ƒ Worldwide health, safety and environment program ƒ “Projeto Conservar”: waste management, reduction of energy and water

consumption and CO2 footprint

14 Investor Day in Brazil, October 4, 2011 Close Collaboration with Diversified Client Base

Subsea Offshore Onshore

Flexibles Detailed EPC Diesel HDT LTC Engineering RPBC - Refinery EPCI FPSOs P-58 / P-62

Engineering Basic & Detailed Frame Agreement EPCI Engineering Olefines Plant WHP 1&2 Revamp

Basic BC-10 Ph II Engineering Engineering EPCI Frame Agreement LNG plant

Engineering Frame Agreement FEED Ammonia Plant

15 Investor Day in Brazil, October 4, 2011 Subsea Track Record & Ongoing Projects

ƒ Track record ƒ Reel-Lay: PIP for Canapu with Deep Blue ƒ S-Lay: Tupi gas export ƒ J-Lay: PDET hybrid riser ƒ Flex-Lay: manufacturing & installation ƒ P-52 Subsea full field development

P-52 Development ƒ Ongoing projects ƒ Integrated Production Bundle (IPB) Papa Terra ƒ TUPI Pilot: 1st flexible pipes for Pre-Salt ƒ Several flexible supply contracts ƒ Long-term charters

ƒ Angra logistics base TUPI

16 Investor Day in Brazil, October 4, 2011 Onshore/Offshore Track Record & Ongoing Projects

ƒ Track record ƒ Anitápolis fertilizer plant ƒ Colombo project P-56 Semi-sub Production Platform ƒ P-51/52/56 Semi-submersible production platform ƒ FLNG FEED

ƒ Ongoing projects ƒ Cubatao refinery RPBC ƒ Olefin plants revamping and expansion ƒ P-58 & P-62 1st Brazilian FPSOs: flagship engineering service contract with over 90% local content

P-58 & P-62 FPSOs

17 Investor Day in Brazil, October 4, 2011 Technip: An Experienced Local Company

Regulatory challenges 35 years experience working in Brazil

Pro-actively developing local resources, from people Resources bottlenecks to production capabilities

Access / logistic constraints Construction and acquisition of best located assets

Technology for the pre-salt Enhanced flexible capabilities & capacity to serve a development fast growing high-end subsea market

Project execution Expertise in project management, planning and interfaces management

18 Investor Day in Brazil, October 4, 2011 Today’s Resource and Asset Base

Vitória ƒFlexible pipe & umbilical manufacturing Rio de Janeiro ƒLogistics base ƒEngineering and Project Management ƒR&D test center ƒE, P, C, Commissioning and Installation services ƒCorporate services

Port of Angra ƒLogistics

Macae Marine assets ƒMarine assets support base

Marine assets ƒ5 flexible pipelay vessels, including Deep Constructor & Skandi Niteroi ƒFleet of ROVs

19 Investor Day in Brazil, October 4, 2011 Possible Resource and Asset Base in 2015 to Meet Pre-Salt Market Vitória ƒFlexible pipe & umbilical manufacturing Rio de Janeiro ƒLogistics base ƒEngineering and Project Management ƒR&D test center ƒE, P, C, Commissioning and Installation services ƒCorporate services

Port of Angra ƒLogistics …

Macae ƒMarine assets support base New Plant ƒHigh-end flexible manufacturing Marine assets plant ƒ≥ 5 flexible pipelay vessels, depending on Petrobras tender ƒFleet of ROVs

20 Investor Day in Brazil, October 4, 2011 Vertically Integrated Model Built in Brazil on Unmatched Local Content

Concept Execution

Project Engineering & Procurement P R O Manufacturing Upstream J ƒ Flexible risers and ƒRigid pipeline ƒUmbilicals Engineering E flowlines welding/spooling C ƒ Pre-FEED* and FEED T

ƒ Offshore field M development A studies Installation N ƒ Innovative A ƒ Flexible-Lay ƒRigid Reel-Lay ƒ Heavy lift for technology G Subsea ƒ Umbilical-Lay solutions for E ƒRigid J-Lay infrastructure platform and ƒ Associated M ƒ Offshore topside subsea challenges construction ƒRigid S-Lay S-Lay E installation N T Support, Diving & Logistics

R&D, Proprietary Software & Hardware *FEED: Front End Engineering Design Technip in Brazil Group Support Global Industries 21 Investor Day in Brazil, October 4, 2011 Thank you

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