A New Vessel Joins Technip's Fleet

The new 85m vessel is specially designed for survey and lightconstruction operations in harsh environments such as deep waters andthe North Sea. She is equipped with a 90T crane, state-of-the-artsurvey equipment and two new 3,000m rated ROVs.

The MV Geoholm will reinforce Technip capabilities for diverlessoperations around the world. The vessel will start operations on theAlvheim project in Norway in June 2006.

With a workforce of 21,000 people, Technip ranks among the topfive corporations in the field of oil, gas and petrochemicalengineering, construction and services. Headquartered in Paris, theGroup is listed in New York and Paris. The Group's main operations andengineering centers and business units are located in France, Italy,Germany, the UK, Norway, Finland, the Netherlands, the USA, Brazil,Abu-Dhabi, China, India, Malaysia and Australia. In support of itsactivities, the Group manufactures flexible pipes and umbilicals, andbuilds offshore platforms in its manufacturing plants and fabricationyards in France, Brazil, the UK, the USA, Finland and Angola, and hasa fleet of specialized vessels for pipeline installation and subseaconstruction.