On April 29, 2009, Technip’s board of directors approved the non-audited first quarter 2009 consolidated accounts. Thierry Pilenko, chairman and chief executive officer, commented: “Our first quarter performance is in line with our 2009 plans.”

“Operationally, we continued to execute well. Our major Subsea projects progressed according to plan: operations on the ABO project in Nigeria are now completed whilst Pazflor in Angola, and Cascade Chinook in the Gulf of Mexico are proceeding well. We set a world record in the Gulf of Mexico on the Shell’s Perdido Development with the installation of the deepest reeled flowline at a water depth of 2,961 meters (9,713 feet), and the deepest reeled steel catenary riser at a water depth of 2,469 meters (8,100 feet). onshore, we concluded agreements concerning the 2 LNG trains of Qatargas III and IV in line with our expectations and previous comments. Our client inaugurated Qatargas II trains 4 and 5 in April. We achieved significant milestones on the Dung Quat refinery in Vietnam and the Yansab ethylene project in Saudi Arabia.”

“Financially, we delivered ahead of our expectations in Subsea where good project execution in the quarter again resulted in an improved margin year-on-year. In onshore /offshore, we are in line with our objective to improve our 2009 margins versus 2008.”

“Looking forward, market conditions remain uncertain, situation which has not changed since the publication of our 2008 full year results in February. Many major project investment decisions are subject to delays as certain clients look to their suppliers to bring down overall project costs before making final investment decisions. Some regions such as onshore North America, or the UK sector of the North Sea, are seeing the effects of the current economic downturn.”

“Nonetheless the flow of new business continues – our order intake in the quarter held up well, reflecting our strategy to focus on a broader range of potential business, both geographic and with regard to size. Some of our larger customers have confirmed their intention to proceed with a number of key, large projects which we have on our radar screen in particular onshore. We have made progress in reducing our costs, even if it remains too early to take a view on whether these will keep pace with contract pricing.”

“Our engineering teams are demonstrating to clients their added value in driving a material reduction in the overall costs of projects through intelligent engineering design, procurement and project management. Our focus on project execution remains paramount as it drives benefits for our clients as well as Technip. We remain convinced that these skills and our strong balance sheet are enabling us to win business and assisting our clients to move ahead with investment decisions on their strategic projects.”

“Accordingly, we go into the second quarter able to reiterate our financial goals for the year and convinced of our ability to deliver value”.

Operational Highlights

The Subsea business segment continued to execute well on projects. Main events were:

— Vessel utilization rate of 73% during the first quarter 2009 compared to 71% a year ago,

— Flexible pipe production units continued to have good activity,

— Engineering for Pazflor, Angola, progressed well and procurement is ongoing,

— ABO operations were completed in Nigeria,

— White Rose North Amethyst, Canada, progressed well,

— Successful start of Normand Progress operations in Brazilian waters for Petrobras,

— Offshore operations started on MAD6 Phase II offshore India,

— Cascade Chinook is advancing well for mid-summer installation in the Gulf of Mexico,

— World records set with the installation of the deepest reeled flowline (2,961 meters) and reeled steel catenary riser (2,469 meters) on the Perdido field in the Gulf of Mexico

The offshore business segment main events were:

— First oil produced on Akpo FPSO offshore Nigeria,

— Execution on P-56 semi-submersible in Brazil is ongoing, construction progressed well,

— First gas produced on P-51 offshore Brazil,

— Hywind Spar platform arrived in Stavanger, Norway for assembly of wind turbine and tow-out

— Diversification of the Pori yard in Finland continued, although workload is currently low

In the onshore business segment:

Agreement on QatarGas III & IV was signed, in line with our expectations and previous comments. QatarGas II Trains 4 and 5 were inaugurated on March 13, 2009. In recognition for the safety achievements on this project, Technip and its partners were awarded “Contractor of the Year” by ExxonMobil,

LNG Project in Yemen progressed,

— Saudi Arabian Khursaniyah gas plant advanced according to plan,

— Ready for Startup was submitted to the client for the Yansab ethylene and propylene production plant in Saudia Arabia,

— First production of kerosene and diesel at Dung Quat refinery in Vietnam,

Numerous other projects progressed:

— Civil work close to completion on Gdansk refinery for Grupa Lotos in Poland

— OAG modules are being installed and connected on Das Island, UAE

— Biodiesel plants for Neste Oil, Rotterdam and Singapore

2. Order intake and Backlog

During the first quarter 2009, Technip’s order intake was EUR1,153 million compared to EUR1,592 million during the first quarter 2008 and EUR1,203 in the fourth quarter 2008.

Subsea signed several noteworthy contracts in Brazil. Many mid-size contracts were signed for projects for the Gulf of Mexico and various projects for the North Sea. Onshore was awarded many small and medium-sized projects including several projects in Europe and many projects rich in engineering man-hours. Offshore was awarded several small and medium-sized projects including an engineering contract for the floating production unit for the offshore portion of the Shtokman gas-condensate field in the Barents Sea, Russia. As expected, no major EPC lumpsum contracts were awarded during the quarter in either onshore or offshore. Listed in annex II (d) are the main contracts that came into force during the first quarter 2009 along with their approximate value if publicly disclosed.

At the end of the first quarter 2009 group backlog amounted to EUR6,928 million, compared to EUR8,625 million at the end of the first quarter 2008 and EUR7,208 million at year-end 2008. Approximately 62% of the backlog is estimated to be scheduled in the next 9 months of 2009.

Capex

Technip’s capex for the first quarter 2009 amounted to EUR58.2 million compared to EUR68.1 million for the same quarter 2008. The Skandi Arctic was christened in March 2009. She is one of the most sophisticated diving vessels in the world and more than satisfies the demanding Norwegian regulations. During the first quarter, Technip signed financing agreements for the Skandi Arctic and the New Pipelay Vessel (NPV).

Other

The Paris court of appeal ruled in favor of Technip in the litigation against Interpipe SA (ITP) quashing the decision in first instance given in May 2006.

There was no change relative to prior disclosures in the TSKJ Nigeria matter.

— Concerning long-term frame agreements for offshore inspection repair and maintenance, Technip books in its backlog the estimated expected value of these activities for the current year only.

— First Quarter 2009 Financial Results

Revenue

Subsea revenue was EUR615.6 million, up 12.1% compared to EUR549.1 million in the same period last year. Major contributors were MAD6 phase II in India, Cascade Chinook in the Gulf of Mexico, White Rose North Amethyst off the eastern coast of Canada, as well as Pazflor in Angola.