Technip Chiyoda Fluor Joint Venture Awarded Two Contracts by Woodside in Australia

Business Wire, May 21, 2008

YOKOHAMA, Japan -- Technip, Chiyoda and Fluor announced that their Australian joint venture, known as TCF, has been awarded by Woodside Energy Ltd (WEL) services contracts for two proposed liquefied natural gas (LNG) developments in Australia.

The two separate contracts cover:

* an onshore plant development study, as part of the selection process of a design concept for the Browse LNG Development, located 425 kilometers of Broome, Western Australia, and

* the preparation of a Basis of Design for a proposed second processing train for the Pluto LNG Project, located in the Burrup Peninsula of Australia.

These studies are scheduled for completion in the second half of 2008.

Technip

With a workforce of 23,000 people, Technip is a worldwide leader in the field of oil, gas and petrochemical engineering, construction and services. The Group is headquartered in Paris. The Group's main operating 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 its activities, the Group manufactures flexible pipes and umbilicals, and builds offshore platforms in its manufacturing plants and fabrication yards in France, Brazil, the UK, the USA, Finland and Angola, and has a fleet of specialized vessels for pipeline installation and subsea construction. The Technip share is listed in Paris on Euronext Paris.

Chiyoda

Chiyoda Corporation, headquartered in Yokohama, Japan, provides services in the field of engineering, procurement and construction for gas processing, refineries and other hydrocarbon or other industrial plant projects, particularly for Gas Value Chain Projects, on a global basis including the Middle East, Russia and South East Asian, Africa and Oceania regions. For 60 years, Chiyoda has constantly leveraged its extensive experience and far-reaching global network to give it an unrivaled advantage. The Company will continue its EPC business, while innovating an expanded business model that includes plant lifecycle engineering (PLE). This will enable Chiyoda to become a one-stop provider of everything its customers need in the way of plant development and operations. The Chiyoda share is listed on Tokyo Stock Exchange.

Fluor

Fluor Corporation (NYSE:FLR) provides services on a global basis in the fields of engineering, procurement, construction, operations, maintenance and project management. Headquartered in Irving, Texas, Fluor is a FORTUNE 500 company with revenues of $16.7 billion in 2007. For more information, visit www.fluor.com.