1

OFFSHORE CAPABILITIES
April 2003

Euronext
13170
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A. FLOATERS C. SURF
I. SPAR I. Surf Market – Trends & Technip-
Coflexip offer
II. EDP
III. FPSO II. Technip-Coflexip Competitive Edge

III. Examples of SURF Investments

B. INTEGRATED FIXED
I. TPG 500
II. Jack Deck
III. Unideck
 3

FLOATERS
 SPAR TECHNOLOGY 4

! Field proven for:

" Dry and Wet Completions
" Production, Drilling and Workover
" Oil Storage

! Hull form options:

" Classic
" Truss
" Cell (for marginal fields)

! Riser technology options: Truss Spar Cell Spar

" Air Can System
" Compliant Riser Guides
" Spar Supported Vertical Riser System
" Split Tree Production Riser System
" Split BOP Drilling Riser System

! In-house fabrication options:

" Pori
" Corpus Christi Dry
Tree
Completion
 FLOATERS COMPETITIVE MAP 5

45000 900
New Products
• 5% decline in $/BOE/Yr –Exxon
40000 • Double water depth every 8 years 800
Holstein Crazy Horse (Semi)

35000 Ursa 700

Reservoir Size Correlation, MMBOE

Auger
Atlantis (Semi)
30000 600
Topsides Weight, tons

MadDog Diana
EDP
25000 500

Spars
20000 Mars Ram,/Powell 400
Semis
Mini-TLPs Genesis
Kizomba (E-TLP)
15000 Classic TLPs 300

Magnolia
Gunnison
10000 Horn Mtn. 200
Marlin
Marco Polo
Neptune Medusa
Cell 5000 Jolliet Boomvang/Nansen Devils Tower 100
Spar Prince Typhoon Matterhorn
Morpeth Allegheny
0
0 1000 2000 3000 4000 5000 6000 7000
Water Depth, ft.
 FLOATER TECHNOLOGY - EDP PLATFORM 6

! Extended Draft Platform (EDP) for

production drilling / workover

! Suitable for large payloads and

deep water - high well counts -
should ultimately replace Spar

! Hybrid design from the best of

TPG 3300 and DPS 2001

! Composed of:
" Barge-type Deck
" Topside facilities on top of deck
" Legs (buoyant column + truss)
" Pontoon (heave plate)
 FLOATER TECHNOLOGY - EDP PLATFORM 7

! Key Features:

" Self Installing - No HLV

" Full integration onshore

" Minimum offshore HUC / no flotel

" Low Motions

" Dry or Wet Tree Capability EDP during construction / tow

" Large payload capacity for
deepwater sites

" Multiple well capability

" Wide choice of fabrication options -

competitive tenders

" Mature design with full model EDP

testing
during
model
testing
 FPS / FPSO TECHNOLOGY 8

! Field proven (eg Elf Nkossa and

Girassol) both world record
projects for size

! Topsides of 30,000 + tonnes fully

integrated at onshore yard -
offshore HUC minimised

! Process, subsea, riser and

mooring technology in-house
 FPSO JACKDECK TECHNOLOGY 9

! Conventional FPSO topsides

integration involves multiple lifts:
" Typically : 13 Prod. Modules +
LQ/CCR Module + 5 Pipe rack
Modules

! This creates multiple interfaces

with work performed above
ground with more restricted
access

FPSO with multiple

module integration
 FPSO JACKDECK TECHNOLOGY 10

! Using the FPSO Jackdeck

enables a reduction in the
number of modules to 2 Super
Modules:

"Process Module + Utility

Module (+ Hull/LQ)
 FPSO JACKDECK TECHNOLOGY 11

! FPSO Jackdeck designed to elevate

Super Modules of up to ca 20,000 tonnes
off a barge and set them down on to a
FPSO hull, floated underneath

! Maximises module completion onshore,

minimises on-hull HUC, provides cost
and schedule advantage

! Re-moveable frames, which house TPG

500 hydraulic jacking boxes, are
attached to the modules. The jacking
pinions engage in the leg racks and turn
to elevate the module
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INTEGRATED FIXED
 TPG 500 TECHNOLOGY 13

! Field proven (BP Harding, Elf Elgin)

! Self installing - using 3/4 tugs for positioning +

elevation by a rack and pinion jacking system -
eliminates the cost & schedule risk of heavy lift
contracts - low abandonment costs

! Full integration onshore - minimum HUC

offshore - no flotel

! Wide choice of fabrication options - competitive

tenders

Jacking pinions and systems

 TPG 500 TECHNOLOGY 14

! TPG 500 suitable for high airgap

applications (where a floatover
installation is not feasible)

! Suitable for applications in harsh

environments in water depth of up
to ~ 150 metres

! Most competitive where topsides

exceed the maximum liftable limit
of ca 10,000 tonnes

! Also suitable for Caspian with

self-floating hull strips (eg BP’s
Shah Deniz project)

Shah
Deniz TPG
500 hull
strips
 TPG 500 TECHNOLOGY 15

! TPG 500 technologies for 30+ year

life include:

Pre-
fabricated
Forged leg chord
nodes sections

Jacking Locking
systems systems
 TPG 500 JACKDECK PLATFORM TECHNOLOGY 16

! Uses TPG 500 technology but

truss deck installed with a barge

! Eliminates the cost and schedule

risk of a heavy lift contract - low
abandonment costs

! Full integration onshore -

minimum HUC offshore - no flotel

! Suitable for benign and harsh

environments but water depth
more limited than TPG 500
 UNIDECK TECHNOLOGY 17

! Suitable for low airgap

applications (benign
environments)

! Field proven (eg Elf COBO,

Amenam, CTOC Cakerawala at
18,000 t)

! Eliminates the cost and schedule

risk of heavy lift contracts

! Full commissioning of deck

onshore - minimum HUC offshore
 UNIDECK TECHNOLOGY 18

! Suitable for West African swells

using hydraulic jacks for rapid
load transfer to avoid slamming
(and damage to deck / barge)

! Barge winched in between jacket

legs - minimum load applied to the
jacket by using soft mooring lines
and rubber fenders

! Barge ballasted down until deck

guide cones are over jacket legs,
then final lowering / load transfer
by hydraulic jacks

! Full reversibility at all stages

! Operation fully independent from

tide
 19

SURF CAPABILITY
 CONTENT 20

1. Surf Market – Trends & Technip-Coflexip offer

2. Technip-Coflexip Competitive Edge

" Riser and Flowline Systems

" Products, Flex Lay offer

" Reeled Pipe Technology, Reel Lay offer

" Deepwater Rigid and Flex Lay Vessels

3. Examples of SURF Investments

" R & D Products / Concepts

" Angolan Umbilical Plant

" Deepwater Construction Vessel

 SURF MARKET TRENDS 21

! Field Development Trends ! Contracting Trends

" More subsea – 50% growth
forecast in the next 5 years
" Floating facilities – 100% growth
forecast in the next
5 years
" Deeper – 500% growth in the next
10 years for deepwater
developments
" Large to very large SURF contracts
" EPCI / lump sum turnkey contracts
" Tight insurance market
" Oil companies pushed to transfer
higher risks/liabilities to EPCI
contractors

" West Africa key deepwater / FPS /

subsea emerging market

GENUINE OPPORTUNITIES FOR GROWTH

NEW CHALLENGES FOR OFFSHORE CONTRACTORS
 SURF MARKET / TECHNIP-COFLEXIP OFFER 22

! Technology / Assets ! Contractual Principles

! High level of R&D Investment ! EPCI lump sum turnkey contracts yes, but:

! Strategic products (risers, umbilicals, # Selective bidding strategy

ROVs,…
# Thorough estimation process
! Innovative solutions (Flow assurance, reeled
pipelines…) # Efficient project management and cost
control processes
! Differentiating vessels (newbuilt
Deep Blue, upgraded Constructor, # Hands-on approach by company senior
Deep Pioneer,…) management

! In-country fabrication facilities (spool bases, # Clear understanding of risks

manufacturing plants…)
# Appropriate reward/risk balance
! Strong control of Intellectual Property rights

TECHNIP-COFLEXIP HAS GOT THE TECHNOLOGY, THE ASSETS,

THE PROJECT MANAGEMENT PROCEDURES
AND FINANCIAL STRENGTHS TO GROW AND SUCCEED
IN THE DEEPWATER SURF MARKET
 TECHNIP-COFLEXIP COMPETITIVE EDGE 23

WIDE PORT-FOLIO OF RISER/FLOWLINE SYSTEMS

RISERS FLOWLINES

! Drivers
" Flow assurance
Flexible Bundles (IPB) Oil Export Systems
" Field data

" Field architecture

" Local content

" Cost optimisation

Flexible Risers
Pipe in Pipe

1000

Full-scale Fatigue Tests

10" + 16" Girth Welds (bending only)
2 pts here
Stress Range (MPa)

100

Reeled 10"
UK E API X'
Aswelded 10"
Reeled 16"
Cross indicates specimens that did not fail
API X'
UK Class E design curve
Scatterband of published data for butt welded plate
10
1.0E+05 1.0E+06 1.0E+07

Endurance, N (cycles)

Steel Catenary Riser Hybrid riser Flexible flowline

 TECHNIP-COFLEXIP COMPETITIVE EDGE 24

IN HOUSE FLEXIBLE AND UMBILICAL PRODUCTS

! Flexible Pioneer and Market Leader ! Umbilical supplier

! Enabling technology, allowed FPS ! 25% global market share in 2002

developments
! Steel tube, thermoplastic and hybrid
! 100% of FPSO in service using flexible umbilicals
riser/jumpers

! 74% global market share in 2002

! Unique global engineering, fabrication

and installation
DUCO, Newcastle, UK
capability in the market place

Lobito, Angola

Le Trait, France
DUCO, Channelview, USA
Victoria, Brazil
 TECHNIP-COFLEXIP COMPETITIVE EDGE 25

COMPETITIVENESS OF OUR EPC FLEX LAY OFFER

VOADOR
P-32
P-32 P-20 MARLIM
P-20
P-27
P-27 P-19 P-33
P-33
P-19 MARLIM
LESTE
RJS-359
RJS-359
P-35 P-18
P-35 P-18
P-37
P-37 P-26
P-26

P-38
P-38 P-40
P-40
OLEODUT
OLEODUT
O
O
GASODUTO
GASODUTO FPSO-2
FPSO-2
MARLIM
SUL

ExxonMobil ChevronTexaco Agip Petrobras

Zafiro, Eq. Guinea Kuito, Angola Abo, Nigeria Marlim Sul

Husky BP Woodside Norsk Hydro

White Rose, Canada Schiehallion, North Sea Laminaria, Australia Aasgard, Norway
 OUR SURF COMPETITIVE EDGE 26

REELED PIPE TECHNOLOGY

! Reeled Flowlines

" Field proven technology since 1979

" Dominant position for in-field pipelay in North Sea
" High Quality onshore welding
" Local content CSO Deep Blue

! Reeled Steel Catenary Risers

" Field proven up to 18” (since 2000)
" Same fatigue behaviour than J-Laid SCR

! Clients in deepwater Gulf of Mexico

" BP, Williams, Shell, TotalFinaElf, Pioneer
CSO Apache

Evanton, UK Orkanger, Norway Mobile, USA Barra do Riacho, Brazil

 OUR SURF COMPETITIVE EDGE 27

COMPETIVENESS OF OUR REEL LAY OFFER

Shallow
Water Boomvang
Facility Spar
(EB 643 - Nansen Spar
(SWF)
3453 fsw) (EB 602 - 3678 fsw)
(GA-A244
- 365 fsw)

Williams, Banjo Seahawk, GOM BP, Nile, GOM Shell, Nakika, GOM

BALDER
FPU RINGHORNE
Flare Offloading 12" Oil line
Processing
PLATFORM
12" Oil line
facility
10" Rich Gas line
Turret 6" Gas lift line
Generators
Fiber optic cable

Site A
9 km

Riser Site D

Flowlines Site C
Mid-Water
Arches

Subsea
trees

Williams, Devils Tower, GOM Talisman, Ross, UK TFE, Nuggets, UK ExxonMobil,Ringhorne

Norway
 OUR SURF COMPETITIVE EDGE 28

DEEPWATER RIGID AND FLEXIBLE LAY VESSELS

15 dynamic position vessels
" 3 pipelay (rigid and flexible)
" 8 subsea construction
" 4 general purpose

CSO Constructor
• Flex Lay
• M J Lay
• Heavy construction

CSO Sunrise 2000

Flex Lay

CSO Deep Blue

• Flex Lay
• Reel lay
• J-Lay
• Heavy
construction
Modular Vertical Lay System

CSO Deep Pioneer

CSO Apache • Flex Lay
Reel Lay • Medium construction
 EXAMPLES OF SURF INVESTMENTS 29

R & D PRODUCTS AND CONCEPTS

! IPB (Integrated Production Bundle) ! Heated reeled Pipe-in-Pipe

! 8” to 12” bore flexible bundle riser ! Under development

" Thermal insulation
" Electrical heating " Passive insulation sufficient for
" Integrated gas lift 1,000/1,500m water depth
" Temperature monitoring
" Heating could be required for long
! Full qualification programm tie-backs (> 15 km) in the
1,500/2,000m water depth range
! Thermal performance
" Crashing resistance
" Heating performance
" Dynamic and fatigue
 EXAMPLES OF SURF INVESTMENTS 30

ANGOLAN UMBILICAL PLANT IN ANGOLA - ANGOFLEX

! Objectives

" Participate in the development of the

local industry

" Bring a technology not yet available in

the country

" Generate leverage for large EPCI SURF

projects

! Business Infrastructure

" Partnership with Sonangol

" Plant in the Lobito oil/gas industrial area 3D View of future Lobito factory

" 70 km / year

" 50 employees

" 15 M$ investment

" Under construction – start summer 2003

 EXAMPLES OF SURF INVESTMENTS 31

DEEPWATER PIPELAY & CONSTRUCTION VESSEL – CSO DEEP BLUE

! Pipelay & Subsea construction in water depths down to 2,500m

Reel-lay, J-Lay, Flex-Lay, Umbilical lay

! Delivered in mid-2001, has been active since in the Gulf of Mexico

! Essential asset to compete in the deepwater/large SURF market

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OFFSHORE CAPABILITIES
April 2003

Euronext
13170
 33

For more information,

please contact:

INVESTOR RELATIONS

G. Christopher Welton
Tel. +33 (0) 1 55 91 88 27
e-mail: cwelton@technip-coflexip.com

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