TECHNIP OFFSHORE NIGERIA LTD.

We want to be known for:
• Delivering quality, safety and reliability in meeting our clients’ needs,
• Valuing honesty and transparency in our people,
• Achieving the highest standards of corporate governance,
• Encouraging and promoting human rights,
• Fostering environmental protection and sustainable development.

We want to deliver
• Value to projects through cost and planning optimization and effective risk management,
• High returns to our shareholders over the long run,
• Development opportunities to all members of our teams,
• Technological innovation and cutting-edge technologies,
• Value to all of our stakeholders.

Technip’s professional activities are governed by a set of Values, which have been approved by its Board of Directors.

These revolve around 5 main areas:

Integrity, professional excellence, protection of health, safety, and the environment, as well as social responsibility are the core values at Technip.
Our goal is to achieve the highest level of satisfaction for all our partners and, in particular, for our clients, our shareholders and our employees.
Technip is committed to supporting and promoting the principles of the United Nations Global Compact regarding human rights, labour, environment and ethics within its sphere of influence.
Built on the know-how and expertise of our teams, we aim to conduct our business in line with the principles of sustainable development.
Our core values are set out in our Charters regarding business ethics, social accountability, environmental protection, health and safety, and security.

Ethics Charter

Integrity is one of the core values of Technip. This Charter defines the Group's Objectives in this area and the corresponding Rules of good conduct.

Our Objectives

To offer opportunities for success to all our suppliers, partners and subcontractors in a spirit of fair competition and mutually rewarding collaboration.
To conduct our business everywhere in the world with the highest standards of honesty, integrity and fairness, in accordance with the Global Compact principles.
To put our staff as at the heart of our strategic development, and create conditions for the individual men and women of Technip to reach their full potential.
To disclose relevant information openly and transparently with our shareholders and the financial community.

Our Rules of Good Conduct

In carrying out their professional activities, the women and men of Technip strive to achieve our referred Group Objectives, throughout the world, by complying with the following rules of good conduct:

Not granting, directly or indirectly, any kind of benefit to any public official for the purposes of obtaining a contract.
Not using for their personal profit or disclosing to a third party any insider information to which they may have access through their professional activities, and in particular, not buying or selling, or having bought or sold by a third party, any security of Technip until such information has been made public by Technip.
Avoiding any conflict of interest between their roles in the Group's business and their private interests, particularly in their relations with clients, competitors and suppliers. In this regard, Technip staff must refrain from offering or accepting gifts or invitations which would not be consistent with acceptable practices or applicable laws. They must also refrain from investing or acquiring interests in clients, competitors or suppliers without the prior written consent of management.
Protecting the confidentiality of the information to which they have access through their professional activities.
Informing the Ethics Committee of the Group about any behaviour which is not compliant with the rules set forth in this Charter.

Social Charter

Social responsibility is one of the core values of Technip. This Charter defines the Group's Objectives in this area and the corresponding guidelines.

Our Objectives

To have employment relationships guided by the Group's values.
To implement this Charter to all entities of the Technip Group which will adapt this Charter to local legislations, cultural differences and local specificities of the countries in which they operate.

Our Guidelines

In order to reach the above mentioned objectives in terms of social responsibility,
Technip :

Will not, as a principle, practice any discrimination among its employees or applicants on the basis of sex, age, race, religion, political or trade union affiliations, nationality or disability.
Is committed to providing the necessary training for the Group's skill base and its advancement, as well as for the professional development of its employees.
Promotes and facilitates mobility within the Group.
Will not employ children under the minimum working age for completing compulsory schooling in the countries where we do business, and in any event, not under the age of 15 years old.
Is committed to not using forced or compulsory labor.
Will continue to maintain a positive work environment in which employees and management work together to strengthen our business.
Respects the freedom of association, which includes the right of each employee to join or refuse to join a trade union in accordance with the applicable legislation in the relevant country.
Endeavors to develop an open dialogue with its employees and their representatives, if any, concerning significant decisions that will directly affect them.
Encourages its suppliers and sub-contractors to implement the values set forth in the present Charter in their own business policies.
Endeavors to distribute this Charter to all employees within the Technip Group through our local entities.

Environmental Charter

Environmental responsibility is one of the core values of Technip. This Charter defines the Group's Objectives in this area and the corresponding Environmental Guidelines.

Our Objectives

To strive to minimize the impact of our activities on the environment and risks to nature and others.
To strive persistently and with determination to avoid any environmental incidents.

Management's commitment is a critical success factor in achieving these goals.

Our Guidelines

In order to achieve our Objectives, we have established the following guidelines:

To comply with applicable environmental legislation and our own standards.
To set clear and meaningful objectives for environmental performance, placing an emphasis on key indicators.
To measure our performance and communicate our progress, regularly and openly.
To hold managers, supervisors and employees accountable for compliance with our environmental management systems.
To implement environmental management systems which comply with ISO 14001 requirements.
To use and develop our engineering knowledge to reduce the environmental impact of the facilities we design, build or operate together with our clients.
To combine our engineering and technology know-how with sound assessment principles in order to minimize environmental impacts and mitigate, as much as is reasonably practicable, residual consequences that may arise.
To promote employees awareness so that they may integrate environmental considerations into their daily activity.
To work with our clients, partners and subcontractors to build a common environmental management system on each project.
To strive to continually improve our environmental performance.

At a time when awareness of environmental responsibility is increasing worldwide, the Group is committed to continuously minimizing the impact its activities have on the environment. In line with a holistic environmental approach, the Group has made substantial progress investigating optimal methods to assess its global Carbon Footprint.

Technip is currently developing a tool for calculating the full range of its emissions. This tool will be progressively expanded to all Group activities. The Group has adopted the widely used GHG Protocol for detailed corporate emissions reporting.

The Group is committed to ensuring the transparency of the process and to establishing a reliable carbon management system for reducing emissions and improving efficiency. The tool will be an integral part of the wider HSE Management System and Sustainable Development Program.

Health and Safety Charter

Health and Safety of persons and property are among the core values of Technip. This Charter defines the Group's Objectives in this area and the corresponding Health & Safety Guidelines.

Our Objectives

To insist upon and protect the Health and Safety of persons and property, when in conflict with other strategic goals.
To strive persistently and with determination to avoid incidents and losses in the workplace and elsewhere.

Management's commitment is a critical success factor in achieving our Health & Safety goals.

Our Guidelines

In order to achieve our Health and Safety Objectives, Technip set up the following guidelines:

To comply with applicable Health & Safety legislation and Technip's own standards.
To set clear and meaningful objectives for Health & Safety performance, placing an emphasis on key indicators.
To measure our performance and communicate our progress regularly and openly.
Hold managers, supervisors and employees accountable for compliance with our Health & Safety management systems.
To implement Health & Safety management systems which comply with internationally recognized industry standards.
To combine our engineering and technology know-how with sound assessment principles in order to minimize risks and mitigate, as much as is reasonably practicable, any residual consequences.
To ensure all relevant personnel receive appropriate training and advice to allow them to undertake their work safely and without any detriment to their health.
To work with our clients, partners and subcontractors to build a common Health & Safety management system on each project.
To strive to continually improve our Health & Safety performance.

With a revised HSE policy and a new HSE strategy, 2006 saw Technip consolidate its global HSE processes and introduce a new HSE management system.

In 2007, a global HSE information management system was introduced to provide single point of reporting and incident analysis. Technip also introduced a global standard for incident investigation.

2008 has seen the launch of the PULSE program. The program is designed to identify and address key HSE leadership issues and establish a consistent approach to HSE leadership across the business. The first phase of the program involves a global HSE climate survey of all employees. The next phase during 2008 is the roll out of a HSE leadership training program. PULSE is an ongoing program which will facilitate HSE climate change and reaffirm HSE as a value within Technip.

In 2007, the number of man-hours worked by the Group and its subcontractors reached a record 407 million, 60% more than in 2006. The Group's total recordable injury rate (TRIR) decreased by 10%, meeting the objective set for the year.

	2004	2005	2006	2007	2008
Total Recordable Injury rate*	0.30	0.30	0.34	0.27	0.21

At the end of 2007, outstanding performances had been achieved on many projects, mainly:

The Khursaniyah grassroots gas plant in Saudi Arabia:
76.4 million hours without LTI

The Rasgas 3 & 4 mega-natural gas liquefaction trains in Qatar:
27 million hours without LTI

The Qatargas II mega-natural gas liquefaction trains in Qatar:
24 million hours without LTI

The Qatargas 3 & 4 mega-natural gas liquefaction trains in Qatar:
16 million hours without LTI

The Bonny Island natural gas liquefaction train no. 6 in Nigeria:
13.9 million hours without LTI

Wellservicer vessel for offshore projects:
2,212 days without LTI

Apache vessel for offshore projects:
1,292 days without LTI

Security Charter

The security of our people, property and information is one of the core values of Technip. This Charter defines the Group's objectives in this area and the corresponding guidelines.

Our Objectives

Protect to the best of our ability our employees while they are exercising their functions.
Protect our assets and our strategic information.
Protect our facilities, both on land and at sea.
Maintain the integrity of our image and reputation.
Propose appropriate measures to protect our projects.

Our Guidelines

In order to achieve our objectives, we have established the following guidelines:

Anticipate the occurrence of high risk situations through analysis of risk factors. The results of such analysis will determine the conditions under which an existing site or project may be continued, as well as how a new site or project will be created.
Organize security plans and procedures. Each project team has a security plan, which is validated by the Group before the project becomes operational. In emergency situations, it is important to act efficiently and in a coordinated manner, particularly with regard to procedures concerning health and safety. Security plans are verified, updated and tested by local managers.
Involve management in the process of implementing and updating all aspects of security. Management works closely with the Group's Security Division, whose members are in charge of applying the Group's security measures and procedures.
Practice prevention from the occurrence of high risk situations through employee awareness of security procedures, employees at each level being aware of their roles and duties in preventing risks. Keeping employees informed about security conditions will result in decreased exposure to risks.
Seek to improve procedures while they are implemented by making necessary corrections. The Security Division should be informed of any and all such corrections, so they may apply them to other entities of the Group as applicable. All measures, plans and procedures are regularly reviewed by the Group's Security Division. These procedures will rely on information, experience, coordination and training.
Protect strategic information of Technip. In case of access to sensitive or confidential information, ensure they are not disclosed intentionally or through carelessness. Comply with archiving and record retention policies in compliance with local laws as well as Technip standards that govern these issues.
Prefer partners who benefit from a security policy.

Security is built upon three main foundations: the protection of people (Technip's absolute priority), of sites and of information.
Real time analysis of the international situation allows us to immediately adapt security measures in function of its evolution and to monitor our employees who are travelling. Human, technical and material resources are implemented to provide efficient and proportioned protection to our sites, offshore zones and through these measures, our employees.
The protection of information is subject to specific measures, supported continuously by awareness-building programs and independent audits.
Our know-how, acquired through experience developed in the execution of major projects, along with a commitment to transparency and a constant search for efficiency and improvement are recognized by our clients, with whom we work in close cooperation.