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Technip

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Technip Group
Company typePublic (Euronext: FP
IndustryEngineering Technologies and Project Management for the Oil and Gas Industry
Founded1958
Headquarters France
Key people
Thierry Pilenko, Group CEO
Julian Waldron, Group CFO
Revenue€7,5billion (2008)
934,000,000 Euro (2016) Edit this on Wikidata
Increase €448 million (2008)
Number of employees
23,000 (2008)
Websitewww.technip.com
File:Technip in ld.JPG
Technip Headquarters Tour Adria at La Défense, Paris

Technip is a France-based operator of gas and oil engineering, technologies and projects headquartered in La Défense, Paris. The Company designs and builds high-technology industrial installations, such as subsea equipment and platforms, and onshore mega-complexes for the oil, gas and petrochemical sectors. It operates in three segments: Subsea, Offshore and Onshore. The Company's main subsidiaries are Technip France, Technip Italy SpA, Technip UK Limited, Technip Geoproduction Malaysia SDN BHD, Flexibras Tubos Flexiveis Limitada and Technip USA Inc. As of December 31, 2008, the Company had a fleet of 19 vessels specialized in subsea pipelay, subsea construction, diving support and exploration. It is listed on the Euronext Paris stock exchange. The CEO is Thierry Pilenko.


History

1958

Technip, an engineering company, was founded in Paris with a workforce of 100 people

1960’s

First series of international successes with the completion of projects in Africa and Asia

1970’s

Technip becomes an international group with the creation of an office in Rome and the creation of Technip Geoproduction, a subsidiary specialized in hydrocarbon field equipment. During this period, Coflexip – a firm specialized in the design, manufacture and supply of flexible subsea flowlines– is created by the IFP (French Petroleum Institute) and opens a flexible flowline manufacturing plant in Le Trait, France, as well as offices in Houston, Aberdeen and Rio de Janeiro.

1980’s

Technip expands its global presence and opens operating centers in Kuala Lumpur and Abu Dhabi. Coflexip opens a second flowline manufacturing plant in Brazil]] and branches out into the manufacture of umbilicals with the establishment of the Duco plant in Newcastle, UK.

1990’s

Technip is listed on the Paris Stock Exchange and Coflexip is listed on the New York Stock Exchange. Coflexip acquires Stena Offshore while Technip becomes a world-leading engineering group through the acquisition of companies with strong technological expertise: Speichim, Krebs and KTI. Established in the United States, KTI enables Technip to set up in North America.

2000’s

Coflexip acquires Aker Maritime’s Deepwater Division. Technip merges with Coflexip and the unified group becomes a world leader in engineering, technologies and services for the oil and gas industry. Many major contracts are signed, notably in the Middle East in the liquefied natural gas (LNG), ethylene and refining sectors.


Organization

Thierry Pilenko was named Chairman and CEO of Technip in April 2008.

Members of the Group Executive Committee are:

  • Bernard di Tullio – Chief Operating Officer
  • John Harrison – General Counsel
  • Thierry Parmentier – Human Resources Director
  • Dominique de Soras – President, Subsea Division
  • Nello Uccelletti – Senior Vice President, Region B
  • Julian Waldron – Chief Financial Officer

In October 2007 Technip’s operational organization evolved to better serve the Group’s strategy: Business development activities, projects, engineering and construction resources, all operational assets and support and technological development resources now fall under the authority of the Chief Operating Officer. Seven regional operating units that are fully accountable for their own operational and financial results were created: North America, Asia Pacific, Brazil, North Sea-Canada, Middle East, Region A (Western Europe, Africa) and Region B (Italy, Eastern Europe, Russia, South America). These operating units receive support from global product lines and a specific Subsea business unit was created at the corporate level. The Regions, Product lines and Business Unit all report to the Chief Operating Officer. A New Technologies Department is responsible for coordinating Technip’s actions to anticipate and develop future technologies. The Functional Divisions – Finance and Control, Human Resources, General Counsel and Communications provide support to all Divisions and operating centers.

Financial and Stock Market Information

Key Figures in thousands of €
Years 2006 2007 2008
Revenue 6 926 500 7 886 500 7 481 400
Operating income from recurring activities 333 200 247 000 656 9000
Net income 201 900 128 000 454 300


Stock market information

The Technip share is listed on Euronext Paris and on the American over-the-counter market.

  • ISIN: FR0000131708
  • Nominal value: euro
Years (at 31/12) 2006 2007 2008
Number of shares in issue (in millions) 106 106 109
Market capitalization (in € millions) 6071 5518 5812

The Technip share is included in the Dow Jones Sustainability Index and the Low Carbon 100 index. This recognition attests to the Group’s performance in the area of Sustainable Development.

Offices Worldwide

Operations

The Company's clients include oil and gas, chemicals and petrochemicals, commercial and institutional, manufacturing, power, telecommunications and infrastructure.

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