Technip and HQC Create Two Joint Ventures to Improve Access to the European and Chinese Procurement Markets

  Technip and HQC Create Two Joint Ventures to Improve Access to the European
  and Chinese Procurement Markets

Business Wire

PARIS -- September 10, 2013

Regulatory News :

Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) announces that its
operating center in Rome, Italy, has signed an agreement with China Huanqiu
Contracting & Engineering Corporation (HQC)^(1) to set up two joint-venture
companies. Headquartered in Rome^(2) and Beijing^(3), China, they will be
responsible for procurement activities, respectively on the European and
Chinese markets.

These companies will perform procurement activities for worldwide onshore and
offshore projects.

By establishing a local presence, and thus eliminating the cultural and
language barriers, these new companies will allow an immediate knowledge and
access to the local suppliers market, based on Technip and HQC’s experience.

Marco Villa, Senior Vice President of Technip Region B^(4), commented:
“Formalizing our cooperation with HQC, with which we have been collaborating
for 25 years, will help us expand business development opportunities on the
international oil & gas market, especially in China, and deliver added value
to our clients.”

Wang Shihong, President of HQC, declared: “With those two new companies, we
will take advantage of the existing synergies between HQC and Technip to
facilitate and increase commercial access to the European and Chinese markets:
we will benefit from Technip's multi-local network of European suppliers and
vice versa.”


^(1) Enterprise affiliated with China National Petroleum Company (CNPC).

^(2) Joint-venture company owned by Technip in Italy for 51% and HQC for 49%.

^(3) Joint-venture company owned by HQC for 51% and Technip in Italy for 49%.

^(4) Technip Region B is composed of Italy, Greece, Eastern Europe/Russia/CIS
and South America. It is also in charge of Onshore-Offshore activities in


                                     ° °

Technip is a world leader in project management, engineering and construction
for the energy industry.
From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 38,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.
Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.
Technip shares are listed on the NYSE Euronext Paris exchange and traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).


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