Department of Justice and Securities and Exchange Commission Deferred Prosecution Agreement June 28, 2010

Technip, S.A., a Parisian engineering and construction services company, agreed to pay a $240 million criminal penalty to resolve FCPA charges for its role in a tenyear bribery scheme to secure contracts from Nigerian government officials worth over $6 billion. The two-count information charged Technip with one count of conspiracy and one count of violating the FCPA. Technip, Kellogg Brown & Root, Inc. (KBR), and two other companies were part of a joint venture that was awarded four contracts by Nigeria LNG Ltd. (NLNG), of which the governmentowned Nigerian National Petroleum Corporation was the largest shareholder. These contracts, signed between 1995 and 2004, entailed building facilities on Bonny Island. According to court documents, Technip authorized the joint venture to hire two agents, including a Japanese trading company, to pay bribes to Nigerian government officials to assist in securing the contracts. The joint venture paid more than $180 million to its agents during the course of the bribery scheme, intending at least some of this money to be used for bribing Nigerian officials.  

The deferred prosecution agreement defers prosecution of Technip for two years, and establishes an independent compliance monitor for a two-year period to review implementation of a compliance program.