Take it further
Headquartered in Paris, France, Technip is one of the largest engineering companies with more than 32,000 people covering all sectors of the oil and gas and petrochemical industry offshore and onshore, upstream, midstream and downstream.
Established in 1958, Technip is today listed in NYSE Euronext Paris and USA through an American Depositary Receipt (ADR).
In addition to its engineering activities, Technip owns and operates a fleet of 29 offshore service vessels for pipelines installation and subsea operations.
To address all these different markets, Technip is organized around three business areas representing in percentage of the revenues:
- Subsea 44%
- Offshore 13%
- Onshore 43%
Covering 48 countries, Technip revenues are well balanced per region:
- Europe, Russia and Central Asia 26%
- Middle East 22%
- Africa 15%
- Americas 23%
- Asia Pacific 14%
Subsea, Technip is fully integrated from the production of umbilicals, flexible pipes and rigid pipes, to subsea field development and maintenance including the Coflexip drilling and services applications.
Subsea, Technip develops its owns technologies supported by a purpose-build fleet of vessels such as the largest all electrical pipelay support vessels (PLSV).
Offshore, Technip offers the largest portfolio of solutions with its own design of:
- Platform (SPAR, Semisubmersible, Fixed, Tensioned Leg, Deep Draft Semisubmersible and Extendable Draft)
- Floating production units (FPSO, FPO, FSO) with a world track record of 37,000 tonnes on Total Akpo FPSO.
- Floating Liquefied Natural Gas vessels (FLNG) with the first-ever two units currently under construction for Shell and Petronas.
Onshore, Technip builds its market leadership with distinguished proprietary licenses and technologies for:
- Gas treatment plants
- Ethylene and polyolefins
- Hydrogen and Syngas production units
With these technologies Technip performs conceptual studies, engineering and construction services to the:
- Gas monetization
- Refining
- Ethylene crackers and polyolefin units
Beyond the oil and gas and petrochemical sectors, Technip is also active onshore in:
- Pipelines
- Renewable energies
- Nuclear, Mining and Metals
- Life science
- Large building and infrastructure
Because of its global coverage and technology leadership subsea, offshore and onshore, Technip has set the reference in the engineering companies for feasibility studies, front end engineering and design (FEED), project management consultancy (PMC) and engineering, procurement and construction (EPC) with all the related services.
Technip Key Figures
- 2011 Revenues: $8,8 billion
- 2010 Revenues: $7,8 billion
- 2009 Revenues: $8,3 billion
- 2011 Earnings: $0,65 billion
- 2010 Earnings: $0,53 billion
- 2009 Earnings: $0,22 billion
- 2011 Capital Expenditure: $0,45 billion
- 2010 Capital Expenditure: $0,49 billion
- 2009 Capital Expenditure: $0,54 billion
Technip Projects and Business Highlights
With 97% of its revenues coming from the oil and gas and petrochemical market, Technip‘s positioning is clear and confirmed by the acquisition of Shaw Energy and Chemicals (Stone and Webster) in 2012.
To sustain its profitable growth, Technip will continue to invest:
- Subsea with large projects such as Total GirRI phase 2 in Angola or CNOOC Panyu in China and with the alliance with Heerema Marine Contractors targeting the ultra deep water engineering, procurement, construction and installation (EPCI) contracts with the largest J-Lay and S-Lay vessels.
- Offshore with multiple projects in Gulf of Mexico, Middle East and Asia for SPAR, Platforms, FPSO, FLNG, well supported by engineering services frame agreements with major companies such as Shell Asia-Pacific.
- Onshore where Technip is involved in many projects in Asia, India, Middle East, Americas such as the FEED contract with Dow for its Freeport Ethylene cracker in Texas.
